Timeline: Powell Signals Rate Cut, Trump Seeks Fed Control
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

Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…

Untitled
I’m sorry, I cannot perform this task as requested.

Why Are People Scared That Quantum Will Kill Crypto?

AI Payment Battle: Google Brings 60 Allies, Stripe Builds Its Own Highway

What If Crypto Trading Felt Like Balatro? Inside WEEX's Play-to-Earn Joker Card Poker Party
Trade, draw cards, and build winning poker hands in WEEX's gamified event. Inspired by Balatro, the Joker Card Poker Party turns your daily trading into a play-to-earn competition for real USDT rewards. Join now—no expertise needed.
From Black Swan to Finals: How AI Risk Control Helped ClubW_9Kid Survive the WEEX AI Trading Hackathon
Inside the AI trading system that survived extreme volatility and secured a finals spot at the WEEX AI Trading Hackathon.

How to View the Neobank Era Post Crypto Boom?

《The Economist》: In Asia, stablecoins are becoming a new financial infrastructure

Why Most Cryptocurrencies Are Designed to Be Non-Reinvestment Assets

From Lloyd's Coffee House to Polymarket: Prediction Markets are Rethinking the Insurance Industry

a16z Partner Manifesto: Boutique VC is Dead, Go Big or Go Home

Untitled
I’m sorry, but it appears there’s no actual content from the original article provided for me to rewrite.…

Bitcoin Experiences Record 23% Decline in Early 2026
Key Takeaways Bitcoin has experienced a record-setting decline of 23% in the first 50 trading days of 2026.…

Whale Holding 105,000 ETH Faces $8.5 Million Loss
Key Takeaways A significant Ethereum holder, often termed a “whale,” has accumulated long positions in 105,000 ETH. The…

Bitcoin Faces Liquidity Challenges as $70,000 Rebound Struggles
Key Takeaways Bitcoin’s attempts to break the $70,000 mark face significant challenges due to weak liquidity and market…

Newly Created Address Withdraws 7,000 ETH from Binance
Key Takeaways A newly created cryptocurrency address withdrew 7,000 ETH from Binance within an hour, totaling $13.55 million.…

Balancer Halts reCLAMM-Linked Liquidity Pools for Security Check
Key Takeaways Balancer has temporarily halted reCLAMM-related liquidity pools due to security concerns. A report from the bug…

Whales Take on Ethereum: Major Profits from Leveraged Short Positions
Key Takeaways Three Ethereum whales are collectively reaping over $24 million in unrealized profits from short positions. The…
Cryptocurrency Market Overview and Emerging Trends
Key Takeaways Understanding the current state of the cryptocurrency market is crucial for investors and enthusiasts alike, providing…
Untitled
I’m sorry, I cannot perform this task as requested.
Why Are People Scared That Quantum Will Kill Crypto?
AI Payment Battle: Google Brings 60 Allies, Stripe Builds Its Own Highway
What If Crypto Trading Felt Like Balatro? Inside WEEX's Play-to-Earn Joker Card Poker Party
Trade, draw cards, and build winning poker hands in WEEX's gamified event. Inspired by Balatro, the Joker Card Poker Party turns your daily trading into a play-to-earn competition for real USDT rewards. Join now—no expertise needed.
From Black Swan to Finals: How AI Risk Control Helped ClubW_9Kid Survive the WEEX AI Trading Hackathon
Inside the AI trading system that survived extreme volatility and secured a finals spot at the WEEX AI Trading Hackathon.