
TraderS | 缺德道人|Jul 12, 2025 04:31
Regarding Powell's resignation, let's follow the timeline of the first three or four citations in this article. The cause of the entire incident was actually on Tuesday, July 8th local time, when US President Trump presided over a cabinet meeting at the White House and declared that if Federal Reserve Chairman Powell did indeed mislead Congress on issues related to the Federal Reserve headquarters renovation project, as critics have pointed out, he should resign immediately.
After the Supreme Court decision, Trump knew that he could not directly kill Powell, nor could he force the Federal Reserve to cut interest rates in advance by blaming professionalism or ask Powell to resign because of the late rate cut. So he can only look for non-technical issues, such as decoration, to kill Powell.
Trump was surrounded by a circle of officials who wanted to make progress, and even three people inside the Federal Reserve rebelled. After they obtained Trump's intention, they would certainly continue to besiege Powell in the direction of leadership.
For example, today's news is once again fermenting because Russell Vought, the director of the Office of Management and Budget (OMB) in the United States, stated that he will launch an investigation into the renovation project of the Federal Reserve Building.
Subsequently, Bill Pulte, the head of Fannie Mae and Freddie Mac, also posted on social media platform X, stating that he heard Powell had wavered in completing his term, but he did not provide any evidence.
And Nick, who has always been referred to as the New Federal Reserve News Agency, has also supported Powell in his post. The reason is simple: he rose to power this time thanks to Master Bao, an absolute member of the Bao faction. Master Bao's resignation will not benefit him at all.
So although it seems that the attack from the Sichuan clique is fierce, as long as Master Bao grittes his teeth and doesn't resign, they have no good solution unless Chuanzi directly sends assassins to kill Powell. However, the current US political situation is not yet at such a low point.
As long as the Federal Reserve doesn't cut interest rates for a day, Powell will have to endure a day of siege. Fortunately, it's already July now. Although there have been rumors in the past two days that September will also skip and only cut interest rates in December, no matter what, the interest rate cut is getting closer and the pressure will soon be eliminated.
Although it has been discussed before that even if Mr. Bao is eliminated alone, it cannot change the situation where the Federal Reserve's voting committee requires a vote of 12-7. But on the other hand, if the leader is really eliminated through pressure, the remaining vote committee members will not be foolish enough to continue to be stubborn, and the attitude change will be an easy task. The current game is whether Trump is willing to pay such huge political resources to kill Powell, and whether the pressure on the US economy is so great that it is necessary to break this political understanding.
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