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Powell warns about the independence of the Federal Reserve

According to an article by "Federal Reserve Mouthpiece" Nick Timiraos, in a speech on Sunday evening local time, former Federal Reserve Chairman Powell stated that if any administration finds an excuse to dismiss Federal Reserve officials simply due to policy disagreements, the Federal Reserve will not be able to survive. Powell currently serves as a Federal Reserve Governor. While speaking generally about topics such as institutions and the rule of law, he did not name any specific president or express any personal grievances. However, when discussing the institutional framework designed to keep monetary policy decision-making power out of presidential control, his wording was extremely precise.Powell emphasized the legal protections aimed at preventing Federal Reserve officials from being arbitrarily dismissed and specifically pointed out that the executive branch "does not play any role in selecting or overseeing the 12 regional reserve bank presidents," who, along with the Federal Reserve Governors, vote together to determine interest rates. "If any administration finds an excuse to dismiss Federal Reserve officials simply due to policy disagreements, then future administrations will surely follow suit," Powell said.He noted that the credibility built up by the Federal Reserve over decades is an "invaluable asset," and he and his colleagues "have a responsibility to defend it."

Gate DEX launches a dual-chain event with USDD rewards, stake USDD to enjoy a 4% base yield and additionally share 50,000 USDD

According to official news, the Bonus Earn Coin activity section under Gate DEX officially launched the USDD staking activity from May 31 at 18:00 to June 30 at 18:00 (UTC+8).Gate DEX users only need to participate in the USDD Earn protocol for USDD or USDT staking on the BSC network to steadily earn a 4% APR and an additional reward of 30,000 USDD. Gate DEX users only need to participate in the USDD Earn protocol for USDD or USDT staking on the ETH network to steadily earn a 4% APR and an additional reward of 20,000 USDD, with a total additional prize pool of 50,000 USDD. Rewards are settled daily based on individual staking proportions; the more you stake and the longer you stake, the greater the overall returns. During the same period, there is a special staking bonus reward activity for small and medium users, where an individual can receive up to 200 USDD.Gate DEX officially launched the Bonus Earn Coin activity section on December 16, 2025. Gate DEX Bonus is a decentralized staking income platform that supports multiple token staking and is committed to providing users with a low-threshold, transparent, and fully on-chain asset appreciation method. Users can participate in the Bonus Earn Coin activity with one click using the Gate wallet, with flexible and diverse earning strategies to fully enjoy on-chain earning opportunities.
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