特朗普总统任内一个反复出现的插曲，是他想用盟友替换拜登任命的美联储理事会成员——甚至在其任期结束前就动手。这一努力如今看来已无望。
A recurring subplot of President Trump's term has been a desire to replace Biden appointees to the powerful Federal Reserve Board of Governors — even ahead of their terms ending — with allies. That effort now looks dead in the water.
为何重要：即便特朗普成功解雇理事莉萨·库克，或赶走七人理事会中另外三位拜登时代留任者中的任何一位，由民主党控制的参议院也很可能阻止任何它认为与政府关系不够独立的替代人选。
Why it matters: Even if Trump succeeds in his efforts to fire governor Lisa Cook or to oust any of the other three Biden-era holdovers on the seven-member board, a Democratic Senate will likely block any replacements it views as insufficiently independent from the administration.
当前态势：总统寻求以涉嫌抵押贷款欺诈为由解雇库克——她的任期到2038年——这一努力迄今已被法院阻止。白宫计划下个月就这些指控举行听证会。
State of play: The president seeks to fire Cook — whose term runs through 2038 — for alleged mortgage fraud, an effort that has been blocked so far by the courts. The White House plans a hearing over the allegations next month.
- 前主席杰罗姆·鲍威尔仍以理事身份留在理事会，其任期于2028年1月结束。
• Former chair Jerome Powell has remained on the board as a governor, a term that ends in January 2028.
- 拜登任命为最高金融监管官员的迈克尔·巴尔仍以理事身份留任，任期延续至2032年。
• Michael Barr, whom Biden appointed as top financial regulator, has remained in place as a governor in a term that extends to 2032.
- 菲利普·杰斐逊的副主席任期将于今年9月结束，但他作为理事的任期延续至2036年。
• Philip Jefferson's term as vice chair ends this coming September, though his term as a governor extends to 2036. Between the lines:
言外之意：这些官员留任至任期结束将打破现行先例。近几十年来，美联储理事席位的更替要频繁得多，尤其是在他们担任主席或副主席的时期结束后。
It would break with current precedent for those officials to stick around to the end of their terms. In recent decades, Fed governor spots have turned over much more regularly, particularly after their time as chair or vice chair ends.
- 如果鲍威尔、巴尔和杰斐逊确信参议院将阻止任何不尊重央行独立性传统的替代人选，他们或许会更安心地在任期结束前卸下理事职务。
• Powell, Barr and Jefferson may feel greater comfort relinquishing their roles as governors before the end of their terms if they are confident the Senate will block any replacements who don't respect the tradition of central bank independence.
值得注意：参议员伊丽莎白·沃伦将出任必须推进美联储理事提名人选的参议院银行委员会主席，她曾抨击主席凯文·沃什是政府的“提线木偶”。
Of note: Sen. Elizabeth Warren is set to chair the Senate Banking Committee that must advance Fed governor nominees, and she has assailed chairman Kevin Warsh for being a "sock puppet" of the administration.
- 只有一位参议院民主党人约翰·费特曼投票支持确认沃什。
• Only one Senate Democrat, John Fetterman, voted to confirm Warsh.