As Trump puts pressure on the Federal Reserve again, Powell's speech tonight became the focus

According to BlockBeats, on July 1st, Federal Reserve Chairman Powell will give a speech at the European Central Bank Central Bank Forum on Tuesday. At the same time, the White House is intensifying plans to replace Powell, and internal divisions within the Federal Reserve are becoming increasingly difficult to ignore. US Treasury Secretary Besson said on Monday that someone may replace Powell at the end of his term. He also stated that the US government may arrange for a candidate to fill a key seat on the Federal Reserve Board that will be vacant in January next year, and this person may subsequently take over as chairman. Shortly after Beckett's remarks, Trump escalated his attacks on Powell and the Federal Reserve, accusing them of keeping interest rates too high, causing the United States to lose "trillions of dollars," and the Fed "should be ashamed of itself. At the same time, internal divisions within the Federal Reserve are widening. Two officials appointed by Trump, Waller and Bauman, have called for a rate cut as early as July. This kind of division is having a negative impact on the fragile economy. The June non farm payroll report released on Thursday may complicate the outlook. (Golden Ten)