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2025-07-30 06:57:55
[Federal Reserve interest rate meeting focuses on Powell's future, with White House pressure and market games intertwined] Washington is ushering in a critical week that affects global markets - the Federal Reserve's July interest rate meeting kicked off on the 30th local time. Although the market generally expects that the benchmark interest rate will remain unchanged at this meeting, public opinion is focused on Federal Reserve Chairman Powell, who is at the center of the storm. Recently, the Trump administration has launched an "unprecedented" interest rate cut offensive against the Federal Reserve through various channels such as public calls and pressure from allies. There was even a dramatic episode: Financial tycoon Fishback, who is regarded as an ally of Trump, recently filed a lawsuit demanding that the Federal Reserve disclose the details of this interest rate meeting. Although the case was dismissed by the court, it added gunpowder to this monetary policy game. The US "Market Watch" website pointed out that with Powell's first term as chairman expiring in May 2024, the real suspense of this meeting has gone beyond the interest rate decision itself and turned to the political fate of the central bank's helmsman.
