After the Federal Reserve remained on hold, Trump harshly criticized Powell as a "fool," exposing the sharp opposition between the White House and the central bank on the issue of interest rate cuts, and once again raising concerns about the independence of the Federal Reserve. (Background: "Trump's mobile phone" binds encryption: is it a self-serving money printing machine, or a wealth code imitating Solana?) (Background: Don’t be afraid, Powell! The U.S. Supreme Court has decreed: to protect the independence of the Federal Reserve, Trump cannot arbitrarily dismiss officials) After the U.S. Federal Reserve maintained the benchmark interest rate at 4.25% to 4.5% on June 18, President Donald Trump immediately posted on social media, harshly criticizing Chairman Jerome Powell as "Mr. Too Late" and "fool," accusing the current monetary policy of causing the country to "lose billions of dollars." This rare public conflict between the president and the central bank once again places the independence of the Federal Reserve under scrutiny. Trump went all out. After the decision was announced, Trump posted multiple times, retweeting articles from the regulators of Fannie Mae and Freddie Mac, arguing that "if there is no interest rate cut, I will resign." The attack became personal, focusing on Powell's refusal to cut rates immediately. "Mr. ‘Too Late’ Powell is the worst; he’s truly a fool, causing America to lose billions of dollars!" The Federal Reserve should cut rates by 100 basis points at once… Europe has already cut rates ten times; you might not cut rates today either. Pressure from high rates spreads. Mortgage rates are nearing 7%, almost double what they were a few years ago. The Director of the Federal Housing Finance Agency (FHFA) publicly called for Powell to cut rates and through (National Mortgage News) challenged, "If there’s no cut, resign." Trump linked high rates to federal borrowing costs, stating that the government "loses hundreds of billions of dollars every year." Despite rising external pressures, the Federal Reserve only signaled a maximum of two rate cuts this year, each by 0.25 percentage points. The Federal Reserve remained on hold. Powell said at the post-meeting press conference that although the U.S. economy remains fundamentally strong, the uncertainties of trade tariffs and geopolitics are rising, and the full impact "will take months to clarify." Therefore, the board decided to remain cautious and downgraded its growth forecast for 2025 while raising inflation and unemployment rate estimates. This sharply contrasts with Trump’s demand for a rapid rate cut. Tests of independence (TipRanks) analysis pointed out that Trump’s remarks could heighten market volatility, especially for interest rate-sensitive stocks. Although the president has threatened to fire Powell, Powell has repeatedly emphasized that he will complete his term and reiterated that the goal is "price stability and maximum employment." Amid political pressure and economic data tug-of-war, the Federal Reserve's independent decision-making mechanism still faces severe challenges. The clash between Trump and Powell highlights the tense relationship between politics and monetary policy. In the short term, the Federal Reserve seems unlikely to adjust interest rates immediately due to external pressures, but this dispute has cast more variables on future policy directions. Related reports include the Federal Reserve's June rate hold, what Powell and the Fed's dot plot revealed, Bitcoin's fluctuation at $105,000, the next Fed Chair being Trump’s favored 'Treasurer Mnuchin'? The White House quickly clarified, Powell will step down next May, and Trump may take action against Iran? The White House National Security Council discussed bombing Iranian nuclear facilities, and Bitcoin briefly fell below $104,000. "Trump blasts Powell as a 'fool': The Federal Reserve should cut rates by 100 basis points at once, and America is losing billions of dollars." This article was first published in BlockTempo (the most influential blockchain news media).