交流群 Discussion: Trump Can't Handle Powell, Is Rate Cut Impossible?

As the President of the United States, Trump is also helpless against the Federal Reserve! We all know that Trump’s biggest desire right now is to bring manufacturing back to the United States. To advance this plan, the Federal Reserve must promote a rate cut plan. Before Trump officially began his second term, he repeatedly requested the Federal Reserve to initiate a rate cut plan. But Powell has always remained unmoved. At this point, many friends may ask, Trump is the President of the United States, and Powell is just the equivalent of the head of the U.S. central bank, can't he just dismiss Powell? What I want to say is that Powell can even ignore Trump's calls. The ultimate mystery of the Federal Reserve's independence lies in its clever integration into the U.S. system of checks and balances. This makes the Federal Reserve the 'fourth branch of power', with its policy cycle (usually 5-8 years) far exceeding the presidential term, effectively counterbalancing short-sighted politics. Recently, Trump posted on the social media platform 'Truth Social' saying, 'The Federal Reserve might as well cut rates', because the impact of U.S. tariffs is gradually penetrating the economy. So the question arises, why can't Trump challenge the Federal Reserve? According to the constitutional authorization of the 'Federal Reserve Act', the monetary policy decisions of the Federal Reserve are neither directly interfered with by the White House nor accountable to Congress. This institutional design was vividly demonstrated in the interest rate resolution of March 2025. Although the Republican Party controls the Senate, the 'Congressional Veto Cooling Period' mechanism set up by the 1935 'Banking Act' amendment requires any attempts to modify the Federal Reserve's independence to wait 180 days to take effect. When Trump attempted to push forward the 'Central Bank Accountability Act', the 'Constitutional Protection Alliance' composed of Democrats and moderate Republican lawmakers successfully obstructed the legislative process. A deeper institutional firewall lies in the term protection of Federal Reserve officials. Powell's term lasts until May 2026, even if Trump uses presidential powers $SOL $ETH $DOGE #加密货币总市值重回3万亿 #特朗普称无意解雇鲍威尔 #加密市场反弹 #币安Alpha上新 #美股下挫