Last night's data brought three pieces of news that need to be watched together:
Trump called out that Federal Reserve Chairman Powell should lower interest rates by a full percentage point. Previously, he was quite supportive of Powell and didn't criticize him much, but now seeing Powell's indifference, he couldn't help but start to 'guide' again. #加密市场回调
Trump stated that if inflation rises again, raising interest rates would be acceptable, but Powell is currently causing 'huge' losses to the economy. He also said he hopes Powell will adjust interest rates every month based on economic conditions, going up and down, as he enjoys watching the show.
In an interview, Trump revealed that a conclusion about the next Federal Reserve chairman will be reached soon, and he already has a clear candidate. A good chairman must lower interest rates! He continued to hint that if Powell does not listen, he will be replaced. Although it is still early, promoting new people to the stage and expressing contrary opinions can significantly weaken the Federal Reserve's control over the economy. Coupled with the shadow Federal Reserve chairman and the decentralized issuance of stablecoins, the Federal Reserve's influence will ultimately struggle against the 'firepower' of the Trump administration!
Summary: Trump is intensifying pressure on the Federal Reserve, striving for a change in leadership and a reversal in interest rate policy to seize the initiative in U.S. economic and monetary policy. Subsequent changes are worth paying close attention to.