#美联储人事变动# History always tends to repeat itself. The news of The Federal Reserve Board of Governors member Kuggler's sudden resignation reminds me of a scene from the early 1930s. At that time, after President Roosevelt took office, he also tried to influence Fed policy through personnel changes. Now Trump seems to have similar intentions. Such political interference often brings uncertainty to monetary policy, which may trigger market turmoil.

Looking back at past experiences, political intervention in central banks often leads to negative consequences. In 1971, Nixon pressured Fed Chairman Burns to maintain low interest rates, which ultimately resulted in severe inflation. In contrast, the independence during the period of Paul Volcker helped the United States get through the inflation crisis.

The current economic situation is complex, and the Fed needs to maintain its independence to respond. However, Kugler's resignation has given Trump an opportunity to influence the Fed. If he nominates a "dove" candidate, it may lead to a shift in policy. Investors should closely monitor personnel changes and their potential impact on monetary policy. History tells us that central bank independence is crucial for long-term economic stability.