Federal Reserve

Trump has repeatedly urged the Federal Reserve to cut interest rates, and sources say he may attempt to fire Powell

ChainCatcher news, according to Jinshi reports, after the last Federal Reserve interest rate decision, President Trump has repeatedly urged the Federal Reserve to cut interest rates. As concerns about Trump's trade agenda deepen, Trump is eager for the Federal Reserve to accelerate its rate cuts to alleviate economic pressure. In turn, the Federal Reserve is preparing for the price shocks that Trump's tariffs may trigger, which will delay any rate cuts even if the economy weakens.So far, Trump's anger towards the Federal Reserve has been relatively mild. Although he has been criticizing the Federal Reserve since it paused rate cuts last Thursday, he has not issued any direct threats.Trump has taken aggressive measures to strengthen his control over the government and reshape it according to his political will. A source close to the White House indicated that Trump may attempt to fire Powell. The source said, "I don't think Powell will leave voluntarily; Trump may try to fire him, but I also believe Powell is secure enough and impressive enough that he won't leave voluntarily."When asked whether the government believes it has the authority to fire Federal Reserve officials (after firing two Federal Trade Commission commissioners) and whether Trump still plans to let Powell complete his term, the White House stated that there was no new statement.

4E: The market digests the Federal Reserve's decision and refocuses on Trump's tariffs, leading to declines in the US stock and cryptocurrency markets

ChainCatcher news reports that, according to 4E monitoring, after the Federal Reserve's interest rate meeting, the upward trend of U.S. stocks could not be sustained. Economic uncertainty and Trump's tariff plans cast a shadow, leading to a volatile decline in major U.S. stock indices on Thursday. The S&P 500 fell by 0.2%, the Dow Jones dropped by 0.1%, and the Nasdaq decreased by 0.3%. Large tech stocks saw more declines than gains, with Tesla slightly up by 0.1%.The cryptocurrency market showed volatility but overall presented a mild upward trend. Last night, influenced by the U.S. stock market, coupled with Trump's reiteration of old themes in his speech at the DAS summit without any substantial positive news, Bitcoin experienced a rapid decline. As of the time of writing, it has rebounded to $84,650, down 1.33% in the last 24 hours. Most other mainstream tokens have seen some pullback. BNB's on-chain performance has recovered, continuing to be a focus for investors.In the forex and commodities sector, risk aversion dominated the market, with the U.S. dollar index rising by 0.40%, extending Wednesday's gains; investors are paying attention to the Trump administration's sanctions on Iran, with international oil prices closing up over 1.6%; spot gold slightly retreated after reaching a historical high, with a cumulative increase of nearly 16% this year.The market is digesting the Federal Reserve's decision, but investors are concerned that Trump may impose more tariffs in April, questioning whether the potential inflation caused by tariffs will limit the Fed's expected significant rate cuts, leading to a clear risk-averse sentiment in the U.S. stock market.
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