2026年4月30日 美国东部时间下午1:35 / CNN
作者：亚伦·布莱克
2小时前
发布于 2026年4月30日，美国东部时间下午1:35
美国联邦储备委员会主席杰罗姆·鲍威尔4月29日在华盛顿特区美联储大楼的新闻发布会上发言。
唐纳德·特朗普总统的报复性讨伐行动中，最令人好奇的问题之一是：此举在多大程度上出于战略考量——也就是将对手打造成警示案例——又在多大程度上源于个人怨恨与恼怒。
美联储主席杰罗姆·鲍威尔的案例似乎表明，背后主要是后者。
因为如今特朗普因迟迟不肯放手，让这场讨伐彻底适得其反。
早在这项行动在政治上显得不明智之后很久，总统仍在持续针对鲍威尔。如今，任期将于5月15日结束的鲍威尔决定留任美联储理事会理事，而这正是拜特朗普所赐。
简言之：鲍威尔周三成为1948年以来首位在主席任期结束后选择留任美联储理事会的主席。他的理事任期至2028年，因此此举完全符合他的合法权利，但这一情况极为罕见。
他的决定至少暂时剥夺了特朗普由自己任命的人员占据美联储理事会多数席位的可能。（鲍威尔由特朗普提名担任主席，但最初的理事提名来自巴拉克·奥巴马。）
鲍威尔也明确表示，他做出这一决定的动机是特朗普试图以站不住脚的证据为依据，在法律层面针对他本人和美联储。多年来，特朗普一直抨击鲍威尔，只因美联储没有按照他的意愿下调利率。
“我真正担忧的是针对美联储的一系列法律攻击，这些攻击威胁到我们在制定货币政策时不受政治因素干扰的能力，”鲍威尔周三说道。他称这些法律攻击“在美联储113年的历史上前所未有”，并提及“不断出现的采取更多此类行动的威胁”。
鲍威尔补充道：“我留任完全是因为目前发生的这些行动。我原本早就计划退休了。你知道，过去三个月里发生的这些事情，我认为让我别无选择。”
尽管鲍威尔没有直接明说，但他留任或许是为了保护自己。
特朗普的司法部近期终止了对鲍威尔的刑事调查，并将问题交由监察长处理。此前，北卡罗来纳州共和党参议员汤姆·提利斯曾要求先结束这项调查，他才会投票确认特朗普提名的凯文·沃什担任新任美联储主席。
但不难理解鲍威尔为何会担心司法部有朝一日重启调查。如果他辞职，届时在相关问题上就会失去筹码。
提利斯曾表示，司法部告知他，除非监察长提出刑事转介，否则不会重新启动此案。但特朗普上周坚称此事并未“了结”，并继续就美联储大楼的翻新成本抨击鲍威尔。
总统的这番表态颇具深意。政府当时正试图搁置这一问题，推动沃什的确认程序，但特朗普就是不肯善罢甘休。
这早已是常态。
早在特朗普第一任期时，鲍威尔就多次明确表示，不会屈服于总统的压力。
去年鲍威尔站在特朗普身边，当场纠正了特朗普关于美联储翻新工程的虚假言论，这一细节体现了他的态度；当特朗普试图以同样站不住脚的指控罢免美联储 fellow 理事丽莎·库克时，鲍威尔出席了最高法院关于该案的口头辩论，这同样能说明问题；而在去年12月鲍威尔的刑事调查曝光后不久，他发布了一段 defiant 视频，更是将这种态度展现得淋漓尽致。
但即便鲍威尔的主席任期即将结束，施压他的政治效用越来越低，特朗普仍在持续施压。
就在4月15日——距鲍威尔主席任期结束恰好一个月——特朗普还在福克斯商业频道放话，如果鲍威尔留任美联储理事会，他就会将其解雇。（目前尚不清楚特朗普是否拥有这项权力。）
随后在上周接受CNBC采访时，特朗普的友好主持人乔·克南扮演了类似福克斯新闻主持人肖恩·汉尼提常做的角色。他委婉建议特朗普换一条政治上更稳妥的道路——放过鲍威尔，以便沃什能够获得确认。
在长达五分钟的对话中，克南多次提出这一想法，却都被特朗普摆手否决。
“但不知为何——不行，”特朗普打断克南说道，“不过，乔，我们总得查清楚这种事怎么会发生。”
克南最终说道：“我只是想帮你找个台阶下——”
特朗普回应道：“嗯，情况确实如此又不尽然，乔。你得搞清楚为什么这种事会发生。”随后他继续纠缠不放。
几天后，司法部似乎听从了克南的建议，结束了对鲍威尔的调查，但特朗普坚称此事并未了结。
特朗普针对对手的报复行动大多进展不顺。对前联邦调查局局长詹姆斯·科米和纽约州检察长利蒂夏·詹姆斯的最初指控均被撤销。科米如今再次面临起诉，但这项指控几乎无人看好能在法庭上成立。司法部多次尝试重新起诉詹姆斯均告失败。未能以“告知服役人员违抗非法命令”起诉六名民主党议员。针对加州民主党参议员亚当·希夫等人的其他审查行动也都毫无结果。
但即便这些报复行动没有一项能成功定罪，仅仅让他人的生活变得糟糕也算是有所“收获”。其他可能揭发真相或阻碍特朗普的人看到这一幕，或许会重新考虑自己的选择。
与此同时，如果特朗普的报复行动持续无果，可能会对他的政治形象造成损害，毕竟民众从一开始就不太支持他的讨伐行动。
（民调显示，与针对特朗普的指控相比，美国人认为最初针对科米和詹姆斯的指控合法性更低——尽管“让美国再次伟大”阵营抱怨不断，但多数美国人总体上认可针对特朗普的指控。）
而针对某些特朗普的目标，总统的施压显然反而会让对方更加坚定立场，成为他更难对付的眼中钉。
鲍威尔的情况似乎正是如此。特朗普的施压并未奏效，如今他还要和鲍威尔打更长时间的交道。
How Trump’s crusade against Jerome Powell backfired
2026-04-30 1:35 PM ET / CNN
Analysis by
Aaron Blake
2 hr ago
PUBLISHED Apr 30, 2026, 1:35 PM ET
Federal Reserve Chair Jerome Powell speaks during a press conference at the Federal Reserve Board Building in Washington, DC, on April 29.
Kent Nishimura/AFP/Getty Images
One of the biggest questions about President Donald Trump’s retribution crusade is how much of it is driven by strategy — i.e. making cautionary tales out of his foes — and how much if it is driven by personal grievance and pique.
The case of Fed Chair Jerome Powell would seem to suggest it’s largely the latter.
Because it has now backfired spectacularly thanks to Trump’s inability to let it go.
The president continued his campaign against Powell long after it started looking politically unwise. And now, Powell, whose term as chair ends on May 15, has decided to stay on the Federal Reserve’s Board of Governors because of that.
To sum up: Powell on Wednesday become the first chair since 1948 to opt to stay on the Fed board after his tenure as chair expires. His term as governor ends in 2028, so he’s well within his rights to do that. But it’s unusual.
His decision deprives Trump of a Fed board majority made up of his own appointees, at least for now. (Powell was elevated to chair by Trump but initially nominated by Barack Obama.)
And Powell made it abundantly clear that his motivation was Trump’s attempts to legally target him and the Fed (based on remarkably thin evidence). The president has attacked and targeted Powell for years over the Fed failing to lower interest rates like he wants.
“My concern is really about the series of legal attacks on the Fed which threaten our ability to conduct monetary policy without considering political factors,” Powell said Wednesday. He called the legal attacks “unprecedented in our 113-year history” and cited “ongoing threats of additional such actions.”
Powell added: “I’m literally staying because of the actions that have been taken. I had long planned to be retiring. And, you know, the things that have happened in, really, in the last three months have, I think, left me no choice.”
While Powell didn’t say it directly, it seems possible that he might want to stay on in order to insulate himself.
Trump’s Department of Justice recently closed its criminal investigation and left the issue to an inspector general, after GOP Sen. Thom Tillis of North Carolina demanded the investigation be closed before he would vote to confirm Kevin Warsh, Trump’s pick, as the new Fed chair.
But you could understand if Powell might be concerned about the DOJ one day picking the case back up. Resigning would rob him of leverage in that circumstance.
Tillis has said the DOJ informed him the case wouldn’t be rekindled without a criminal referral from the IG. But Trump last week insisted the matter hadn’t been “dropped” and continued attacking Powell over the cost of renovations to the Fed building.
It was a telling comment from the president. The administration was trying to move past the issue and get Warsh confirmed, but Trump wouldn’t let it go.
That’s been a theme.
For years — dating back to Trump’s first term — Powell has made it abundantly clear that he wouldn’t buckle to the president’s pressure.
That was evident when Powell corrected Trump’s false claims about the Fed renovations in real time last year while standing next to him. It was evident when Powell attended Supreme Court oral arguments over Trump’s attempt to fire fellow Fed Governor Lisa Cook over similarly thin allegations. And it was perhaps most evident in the defiant video Powell released shortly after his criminal investigation became public in December.
But even as his tenure as chair wound down and the utility of pressuring him became less and less, Trump kept pushing.
As recently as April 15 — exactly one month before Powell’s tenure expires — Trump was on Fox Business Network threatening to fire him if he stayed on the Fed board. (It’s not clear Trump has this power.)
Then during an appearance last week on CNBC, Trump-friendly host Joe Kernen played a role often played by Fox News’ Sean Hannity. He gently suggested that maybe Trump should take a different, more politically expedient course — by letting go of Powell so Warsh could get confirmed.
In a five-minute exchange, Kernen repeatedly floated the idea, only to have Trump shrug it off.
“And somehow – no,” Trump said while talking over Kernen. “But, Joe, somehow we have to find out how this can happen.”
Kernen eventually said: “I’m just trying to look for an off-ramp to get for you –”
Trump responded: “Well, it is and it isn’t, Joe. You have to find out why a thing like that could happen.” And he plowed forward.
Then, after the DOJ seemed to heed Kernen’s advice a few days later and ended its Powell probe, Trump insisted the matter wasn’t finished.
His attempts at retribution against his foes have largely gone poorly. The initial indictments of former FBI Director James Comey and New York Attorney General Letitia James were vacated. Comey has now been reindicted, but for something few expect to hold up in court. The DOJ has failed repeatedly to re-indict James. It failed to indict six Democratic lawmakers for telling servicemembers to disobey illegal orders. Other efforts to scrutinize the likes of Democratic Sen. Adam Schiff of California have failed to bear fruit.
But even if none of these efforts at retribution results in a conviction, there’s something to be said for merely making people’s lives hell. Others who might blow the whistle or stand in your way will see that and perhaps reconsider their choices.
At the same time, if Trump’s pursuits keep fizzling, that could hurt him politically, given people were never too keen on his retribution crusade in the first place.
(Polls have shown Americans saw the initial charges against Comey and James as less legitimate than the charges against Trump, which – despite MAGA’s complaints – majorities of Americans generally approved of.)
And when it comes to certain Trump targets, the president’s efforts can apparently steel their spine and make them even more of a thorn in his side.
That appears to be what’s happening with Powell. Trump’s pressure didn’t work, and now he gets to deal with Powell for even longer.
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