Timeline: Powell Signals Rate Cut, Trump Seeks Fed Control

By: theblockbeats.news|2025/09/04 18:22:23
0
Share
copy

BlockBeats News, September 4th: After Powell signaled a rate cut on August 22nd, Trump sought to control the Fed with the following timeline:

Powell's Attitude Shift:

On August 22nd, Powell, at the Jackson Hole Symposium, cited a "shift in risk balance" as a reason for the "rate cut signal," raising the probability of a rate cut from 75% to about 90% in September.

Fed Governor Cunliffe Dismissed:

On August 22nd, the same day as Powell's speech, Trump once again threatened to fire Fed Governor Cunliffe.

On August 26th, Trump dismissed Fed Governor Cunliffe, effective immediately. Cunliffe responded hours later, stating there was no reason for dismissal and that he would not resign.

On August 27th, a Fed spokesperson stated that Cunliffe remains a Fed governor and can participate in rate decisions until a ruling is made.

On August 28th, Cunliffe sued Trump for removing him from his Fed governor position.

On August 30th, a judge did not make a ruling on the case and requested both parties to submit further court documents.

Trump Seeks to Control the Fed:

On August 27th, Trump stated that he would soon have a majority at the Fed and might move Cunliffe to another Fed position with a longer term. Cunliffe was previously only an "interim" governor.

On August 27th, according to foreign media reports, the Trump administration has intensified its review of the selection process for regional Fed presidents, extending its influence over the regional Feds that impact the Fed.

Pending Events This Week:

The U.S. Senate Banking Committee will hold a confirmation hearing on Thursday morning for Trump's nominated Fed governor candidate, Cunliffe.

The Director of the U.S. Federal Housing Finance Agency, Calvert, will provide the latest information on Fed Governor Cunliffe's mortgage fraud case at 10 p.m. Beijing time on Thursday. (FX168)

You may also like

B.AI partners with MiniMax to launch a limited-time free experience of M3, enabling zero-threshold implementation of Agentic productivity through full-stack infrastructure

B.AI and MiniMax launch a limited-time free offer for M3, allowing access to top-tier large model core computing power with no threshold.

The second half of the computing power battle: Intel CEO Pat Gelsinger reveals how AI is reshaping the global semiconductor supply chain

Intel CEO Pat Gelsinger's latest discussion: The AI computing power battle has gone beyond the single-point competition of GPUs; the ultimate trump card is to comprehensively restructure the semiconductor supply chain and solve the systemic bottlenecks in advanced manufacturing.

WEEX Live mode: Monitor 20 trading pairs at once and trade like a pro

WEEX Live mode: Multi-screen desktop layout for 20 pairs, TradingView charts, one-click layout, and smart guides. Trade like a pro now.

Morning Report | Secret Network loses $4.67 million due to cross-chain vulnerability; Michael Saylor releases Bitcoin Tracker information again, may disclose increased holdings data next week

Overview of Important Market Events on June 21

Kalshi's biggest competitor is not Polymarket

The competitive logic of the prediction market has changed.

WEEX Makes Affiliate Access Easier on the Web and in the App

WEEX now provides a smoother way to access affiliate-related pages on the web and in the app. Users can find the Affiliate entry more easily and go to the right page based on their login and affiliate status.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Program:[email protected]