The Federal Reserve (FED) spokesperson: Trump pressures two Fed officials to support interest rate cuts, Powell becomes the biggest loser.

Wall Street Journal reporter Nick Timiraos, known as the Fed's microphone, pointed out that Bauer is in a difficult situation, and in the face of Trump's request to reduce interest rates by 1% to 2%, some Fed officials have echoed, making Ball in a dilemma. (Synopsis: Animoca Brands, Standard Chartered Bank and HKT join hands to prepare for the issuance of Hong Kong dollar stablecoin, aiming for cross-border payments) (Background supplement: Full interpretation of Hong Kong's Stablecoin Ordinance: from definition, regulatory framework, eligibility to market impact) Washington once again staged the wrestling between the White House and the Federal Reserve, and President Trump has publicly named Chairman Powell many times since April, calling for a reduction in the current federal funds rate of 4.3% to 1~2% at a time, the biggest reason behind which is" Reducing the swelling federal debt burden", Trump has repeatedly pressured through social platforms and press conferences, and accused the Fed of "slowing down the economy". Interest rate cut controversy ferments within the central bank On the other hand, Trump's nominee for Fed Vice Chairman Michelle Bowman and Christopher Waller have recently expressed their support for a rate cut at the end of July meeting. They argue that inflation concerns caused by tariffs are "overblown." This wave has pushed Bauer into a dilemma: if interest rates are cut in response, prices may be ignited; If you stay on the sidelines, you may be attacked even more strongly by the president. Powell will testify before Congress on June 24 to give semi-annual monetary policy testimony. He has repeatedly stressed that decisions must be "based on the best analysis of the economy". "The goal for all is a good, robust American economy." Some market participants worry that the lack of congressional support may shake the Fed's independence, leading to a loss of investor confidence in the dollar, causing a more dangerous chain reaction. Historically, Johnson and Nixon have also put pressure on the Fed, but not on a scale or as openly as this time. The legal line of defense remains hard to resist political pressure Although recent Supreme Court jurisprudence shows that the Fed's leadership is legally protected and cannot be easily removed from office by the president. Even so, analysts warn that Trump's continued verbal offensive could still be enough to weaken Powell's prestige. Investment manager Mark Spindel believes that Trump's strategy is "effective" because the focus of public opinion has shifted from White House policy to central bank interest rates. Trump's tug-of-war with the Fed has forced Mr. Powell to weigh credibility, suppressing inflation and taking political risks. Whatever the outcome, the storm sowed uncertainty about the future independence of the US central bank. Related reports Stablecoin "Sino-US route dispute": Hong Kong's B-side breakthrough and the mainstream Yang conspiracy in the United States How does a comparative analysis of the Hong Kong and US stablecoin laws affect the global Web3 ecosystem? You can buy funds with stablecoins! Hong Kong Victory Securities Establishes "Victory VSG" Virtual Asset Multi-Strategy Fund (Fed Microphone: Trump Presses Two Fed Officials to Support Rate Cuts, Ball Becomes the Biggest Loser) This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".