On June 1st, former US Treasury Secretary Summers pointed out that Trump's frequent attacks on Federal Reserve Chairperson Powell for refusing to cut interest rates are actually setting "scapegoats" for future economic recessions, trying to shift the blame to the Federal Reserve rather than its own policies. Despite Trump's high-profile pressure, Summers predicted that he would eventually nominate a respected "mainstream" person to replace Powell to avoid market turmoil. (Wall Street news)