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According to Jinse Finance, Trump has responded to media reports claiming he intends to fire Federal Reserve Chairman Jerome Powell, stating that these claims are untrue. Previous reports suggested that Trump might take such action soon, which led to declines in U.S. stocks and the dollar. Trump said, "I do not rule out any possibilities, but I think it is extremely unlikely unless he is forced to resign due to fraud in renovation projects." He mentioned that he had indeed discussed the issue of dismissing Powell with some Republican lawmakers, but his stance on the matter is more conservative than theirs. Trump believes Powell has some issues in the ongoing fraud investigation and feels that Powell is already under investigation. According to Politico, Republican members of the U.S. House Financial Services Committee are scheduled to meet with Powell today from 6:00 to 7:30 Beijing time. However, Semafor reported that the dinner between lawmakers and Powell was canceled. The dinner was likely intended to resolve related disagreements, but its cancellation indicates that the situation remains unresolved. Analysts believe that Powell has temporarily dodged a bullet, and Trump currently may not have legitimate grounds to dismiss him.

According to a report by Jinse Finance, Federal Reserve official Williams has indicated reluctance to support an interest rate cut ahead of this month's FOMC meeting. He believes that tariffs could further drive up inflation. Williams stated that price data already show that new trade barriers set by the Trump administration are increasing the costs of certain consumer goods. He expects that there may be more price increases in the future. "For those goods more susceptible to high tariffs... the price increases so far this year have far exceeded expectations based on past trends." Williams was referring to products such as household appliances, musical instruments, and luggage. He said that given the risk of accelerating inflation for the remainder of 2025, the Federal Reserve should currently take a cautious approach to lowering the benchmark interest rate. Williams stated, "Maintaining this moderately restrictive monetary policy stance is entirely appropriate." He also expects the unemployment rate to rise to 4.5% by the end of 2025, with inflation reaching as high as 3.5%, and this year's economic growth rate to be around 1%, a significant slowdown compared to last year.