According to reports, on May 29 local time, Trump met with Powell at the White House. After their closed-door meeting, the Federal Reserve issued a rare statement saying that Powell came to the White House at Trump's invitation to discuss economic issues such as economic growth, employment, and inflation.

The statement said that Powell indicated to Trump that he and his colleagues at the Federal Reserve would formulate monetary policy based on the law to ensure 'maximum employment and stable prices.' In making decisions, the Federal Reserve would 'fully rely on careful, objective, and non-political analysis.'

White House Press Secretary Caroline Levitt later stated at a press conference that the content of the Federal Reserve's statement was accurate, but Trump pointed out during the meeting that Powell's decision not to cut interest rates 'was a mistake.' According to Levitt, Trump blamed the Federal Reserve's delay in cutting interest rates for putting the U.S. economy at a disadvantage, 'the President is very straightforward about this.'

Since Trump's return to the White House, the Federal Reserve has maintained interest rates. Trump hopes that the Federal Reserve will quickly cut interest rates to offset the impact of tariff measures on the U.S. economy. Due to strong dissatisfaction with Powell, Trump once threatened to remove him from the position of Federal Reserve Chairman. Concerns from investors about the loss of the Federal Reserve's independence triggered severe turbulence in the U.S. financial markets, forcing Trump to backtrack and deny that he wanted to fire Powell.

Even after abandoning the idea of firing Powell, Trump did not stop applying pressure but continuously criticized Powell through the media and social media, even posting to call Powell a 'moron.'

As people in the cryptocurrency community, we certainly look forward to interest rate cuts, but what is meant to happen will eventually happen, it's just a matter of time. At this moment, we should manage our positions well. While acquiring mainstream coins, don't forget to scout for potential meme coins. The hero dog of the understanding king, Conan, can be considered; both the narrative and the team are excellent!