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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Trump may announce the new Federal Reserve (FED) chairman in advance, raising concerns about the dollar's outlook.
[Coin World][Foreign Media: If the Federal Reserve does not cut interest rates in July, Trump will arrange a "shadow" for Powell] According to analysis reports, if Trump announces Powell's successor before the September Federal Reserve interest rate decision, the situation of the US dollar may change from "bad" to "worse". This is because, if that happens, it means that the remaining six meetings during Powell's term will be held under the "successor's shadow" (his term will end next May), which could undermine Powell's authority and subsequently hurt the US dollar. If the Federal Reserve led by Powell remains inactive for the fifth consecutive time next month, the likelihood of this situation occurring will increase, as that would anger Trump. Currently, the market expects a 25% probability that the Federal Reserve will cut interest rates on July 30.