"The testimony is deceptive" Trump again pressures Powell to resign! Interest rate cut in July?
Powell: No possibility will be ruled out......
On July 2, Trump shared an article titled "Director of the Federal Housing Finance Agency: The Federal Reserve Chairman Should Accept Congressional Investigation" on social media. Trump commented that "Mr. Too Late" should resign immediately.
William Poole, the Director of the Federal Housing Finance Agency, has called for a congressional investigation into Powell's political bias and his deceptive testimony in the Senate, which is sufficient reason for his dismissal. Poole believes that Powell made inaccurate statements regarding the Federal Reserve's headquarters renovation plan without providing evidence.
During last week's Senate hearing, Powell questioned certain aspects of the reports, stating that they were "misleading and inaccurate in many ways."
Federal Reserve Chairman Powell said at a conference in Sintra, Portugal, that if it were not for U.S. President Trump's tariff policy, the Federal Reserve would have begun cutting interest rates in 2025 and would currently adopt a more accommodative monetary policy.
When asked about the possibility of an interest rate cut in July, Powell stated that he would not rule out any possibilities and would not "put it on the table directly"; it would depend on how the data evolves. Powell noted that the "vast majority" of members of the Federal Reserve's rate-setting committee indeed expect that another rate cut later this year would be appropriate. Powell also stated that the Federal Reserve must "be completely uninvolved in politics."
Trump posted on social media that "Mr. Too Late," Federal Reserve Chairman Powell, and the entire committee should be ashamed for not cutting interest rates. Trump stated that if they did their jobs well, "the U.S. could save hundreds of billions in interest costs" but "the committee just stood by, so they cannot escape blame."
White House Press Secretary Levitt stated that Trump mentioned interest rates from several countries around the world in a letter to Powell and told Powell that he should significantly lower interest rates.
Trump had previously frequently criticized Powell on social media for not cutting interest rates as he requested and even threatened to remove him from his position.
On June 18, local time, the Federal Reserve's monetary policy meeting decided for the fourth consecutive time to maintain interest rates unchanged.
$BTC $ETH $SOL What is the intention behind Bitcoin's long-term contraction and slight fluctuations?!
This kind of market is called a technical indicator repair market. Generally occurs after a significant rise or fall, in the bottleneck phase of horizontal consolidation, in this position market sentiment is entangled, truly capable of reaching for the moon, also capable of diving to catch turtles!
The market after the 25th is such a technical adjustment market, the market repair below 1 hour has been completed, already arriving at the 4-12 hour indicator repair market, oscillating slightly back and forth, in fact indicating the start of the next big market, a quick rise before a big drop is essential, conversely, a quick drop before a big rise is equally essential!
Ultimately, the main players will observe the market's bets during this period. The upper pressure level has been breaking through in a gradual manner, the technical adjustment is nearing its end, the market needs a big narrative, to complete a significant surge, N-shaped trends will become the norm in the short term!
Trump considers breaking historical precedent by announcing the next Federal Reserve chairman candidate early
U.S. President Trump recently publicly criticized current Federal Reserve Chairman Jerome Powell as "terrible" and revealed he has identified three to four potential candidates to succeed Powell as the next Federal Reserve chairman.
Trump is considering announcing the next Federal Reserve chairman candidate as early as September this year, which would be about eight months earlier than the current chairman Powell's term ending in May 2026, breaking historical transition customs.
This move aims to influence market expectations for future interest rate paths through an established "shadow Federal Reserve chairman" and to exert pressure on current chairman Powell, who insists on independent decision-making.
Candidates emerge
The main candidates currently considered by the White House include:
Former Federal Reserve Governor Kevin Warsh;
Chairman of the Council of Economic Advisers Kevin Hassett;
Current Federal Reserve Governor Christopher Waller, although reports in January 2025 indicated that Waller had been removed from the main candidate list due to his support for a significant interest rate cut last September;
Treasury Secretary Scott Bessent.
Breaking historical transition customs
If Trump announces his nominee in September or earlier, it will create a new model for power transition at the Federal Reserve. The traditional transition period is usually 3-4 months before the term ends, while this plan would advance the transition preparation period to 8-10 months, with the nominee remaining in a "chairman-in-waiting" status for a long time before Powell officially steps down.
This arrangement allows the nominee to influence market expectations through public speeches, creating a "shadow pressure" on the current decision-making body. However, it also places the successor in a dilemma—criticizing current policies could damage internal unity at the Federal Reserve, while remaining silent could risk losing Trump's support.
Trump has repeatedly criticized Powell for not lowering interest rates and has suggested firing him or quickly appointing a successor. Although he sometimes retracts his threats, the overall public pressure on the Federal Reserve has become routine.
Historically, Federal Reserve chairmen are considered not to be removed by the U.S. president unless there is malfeasance or misconduct, but Trump's frequent threats are seen as a deliberate challenge to this legal premise.
Long time no see, Recently busy with matters outside the circle, Missed the significant fluctuations from some time ago.
I had reminded everyone before, Now is a position of significant fluctuations, A 10% fluctuation on the weekly will become the norm, Entering a market of hellish difficulty again, Sideways →_→ suddenly soaring or plummeting, To cope with this kind of market, After determining the main line, just stay put!
The market with significant fluctuations is very exciting, but energy is limited, there's nothing I can do, I can only eat for a while and leave, I don't dare to hold positions while sleeping!
Even if the probability is high, I still don't dare to open a position, 😂😂😂😂😂
I closed my position and went to sleep, only to wake up and find that the market has almost returned to the starting point, so in this kind of market, it's best not to open a position without watching the market, if the position is good, it might just be riding an elevator, but it could easily lead to big losses.
The pancake has shrunk and is consolidating, Er Gou and San Ge are surging, The top of the wave is about to appear, When will this final stretch come?!
The cunning main force is starting to act rogue again, significantly tightening liquidity, allowing for price fluctuations at will, on one hand a downward trend, on the other hand an upward trend, boiling the frog in warm water!
There is a space to go long with thousands of knives, there is also a space to go short with thousands of knives, and several hundred of those knives can be completed in a short time, falling asleep while watching the market, not watching the market means missing the points, and also having to guard against it quietly completing a reversal!
Musk calls on the American public to help "kill" Trump's tax cut plan.
On June 4 local time, Elon Musk intensified his attack on Trump's tax cut plan, urging the American public to contact their legislators to "kill" the proposal. Musk stated on social media that "bankrupting America is wrong."
Musk had previously criticized the plan, stating that Trump's "big and beautiful" proposal undermines his efforts to cut costs in the efficiency department and would increase the budget deficit. Russell Vought, director of the Office of Management and Budget (OMB), responded to these comments by saying that the plan would not increase the deficit nor harm the debt.
On May 22 local time, the Republican-majority House of Representatives narrowly passed a "big and beautiful" tax and spending bill proposed by the Trump administration. The bill will next be submitted to the Senate for review. Critics warn that the bill would severely harm healthcare policy and significantly increase federal debt. It is reported that the plan aims to cut taxes by $4 trillion over the next 10 years and reduce spending by at least $1.5 trillion.
Federal Reserve Chairman Powell meets with President Trump, did not discuss monetary policy expectations
On May 29 local time, the Federal Reserve issued a statement saying that at the invitation of the President, Federal Reserve Chairman Powell met with Trump at the White House to discuss economic development issues including growth, employment, and inflation.
The statement indicated that Powell did not discuss his expectations for monetary policy, but emphasized that the policy path would entirely depend on the economic information to be released soon and its impact on the economic outlook.
Powell stated that the Federal Reserve's decision-making body, the Federal Open Market Committee, would formulate monetary policy in accordance with the law to support employment and stable prices, and these decisions would be made based solely on prudent, objective, and non-political analysis.
Later that day, White House Press Secretary Levitt confirmed that the two had met. She added, "The President indeed mentioned that he believes it is a mistake for the Federal Reserve Chairman not to lower interest rates."
Trump has previously frequently 'bombarded' Powell on the issue of interest rate cuts, calling him 'stupid' and 'a big loser', and even threatened to remove him from office. Powell maintained silence in the face of criticism, only pointing out that Trump's request for him to resign was 'illegal'.
$BTC $ETH $SOL A hunting event is about to unfold! The big one is coming! Is the top coming?
Trump Media Company (TMTG) plans to raise $2 billion through a new stock issuance and $1 billion through convertible bonds, with no less than $3 billion allocated for purchasing Bitcoin and other crypto assets.
This financing plan is set to be announced this week before a large cryptocurrency conference in Las Vegas (both little Trumps and Vice President Vance will speak).
With Trump's cunning, it's impossible to buy Bitcoin at such a high position around $110,000, so the most likely scenario is to use influence to drive the price up, then crash it down, thereby acquiring cheaper chips!
These past few days have been really exciting, Although the range isn't very large, V back and forth, Finally, it's not a sleepy market.
After a second test, The result was a historical new high, Very surprising, And I can't help but marvel, One must always have a sense of awe for the market.
108000 is getting closer, those risk accounts must be restless!
To the short sellers, why let your liquidation point be so close, forcing the price to rise.
Don't get too invested, there's no position that can't be reached, your holding will only end in zero! The so-called bottom line is your liquidation point!