Summary
- Chair Powell avoided direct comments on President Trump's demand for a rate cut.
- The Fed stated that it is currently working independently on interest rate policies.
- Chair Powell reported that there has been no contact with the Trump administration.
Jerome Powell, the Chair of the Federal Reserve (Fed), stated on the 29th (local time) that he would "not comment on the President's remarks" regarding President Trump's recent demand for a rate cut, adding, "We are working quietly and performing our duties well."
He further added, "There has been no contact with the Trump administration yet."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Analysis] "Bitcoin attempts a technical rebound after capitulation selling…trend reversal hinges on fresh inflows"](https://media.bloomingbit.io/PROD/news/067f7da2-2764-45b9-a79c-b8a9c31d4919.webp?w=250)
![[Analysis] "Bankruptcy fears around Strategy are spreading…concerns somewhat overstated"](https://media.bloomingbit.io/PROD/news/ca8aa06b-c04b-4831-b878-608bd90bdd3d.webp?w=250)
