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Three Times a Day, Trump Lambasts Fed: Fed Should Have Cut Rates Earlier, Powell Playing Politics, Should Have Been Fired Long Ago
Original Title: "Trump Calls for Fed to Cut Rates, Says Powell's Job Is Safe 'for Now'"
Original Authors: Zhang Yaqi, Li Dan, Wall Street News
While the European Central Bank has been cutting rates repeatedly, Federal Reserve Chairman Powell has been reluctant to follow suit. U.S. President Trump seems to be getting impatient, calling out Powell three times in one day and demanding a rate cut, even going as far as saying Powell should have been fired long ago.
On Thursday morning, Trump took to social media posting:
· Always too late and wrong, Federal Reserve Chairman Jerome Powell yesterday released a report, which was again a typical, complete "confusion"!
· Powell should have lowered rates like the European Central Bank, but he should do it now for sure. The sooner Powell resigns, the better!
During Thursday's midday trading session, Trump called out Powell two more times.
Trump said, "I don't think Powell's doing a good job. If I wanted to, I would be able to fire him. Powell is not making me happy. He is always very late to act."
Trump accused Powell of playing politics, saying he is very bad at it. U.S. rates have gone up, and rates should be going down. Powell should cut rates. Trump also used Europe as a comparison, noting that Europe is cutting rates.
After a few minutes, Trump "attacked" Powell again, stating that the Fed should cut rates, which is what the Fed owes the American people. Powell will face significant political pressure.
Trump said Powell's only good move would be to cut rates. If Europe cuts rates and the Fed does nothing, the U.S. will be at a disadvantage. Costs will go down, and U.S. inflation will be very low.
Trump's comments were clearly in response to Powell's hawkish statement from the night before. On Wednesday, Powell reiterated his stance from over a week ago, stating that the Fed "can certainly wait until [the situation] is more clear and then consider adjusting our policy stance." Powell believes that the Fed should avoid a sustained rise in inflation due to Trump's policies such as tariffs, which introduce a high level of uncertainty to the economy.
In fact, Trump has long been dissatisfied with Powell. Trump believes that Powell is "slow" and "acts too slowly" in fighting inflation. He has repeatedly urged for rate cuts on social media, asking Powell to "move quickly."
US Supreme Court Decision May Affect Powell's Tenure
On Monday, rumors circulated from the White House about a possible Fed "leadership change." U.S. Treasury Secretary Mnuchin stated that he and Trump "have been discussing the person who will be the next Federal Reserve chairman and plan to begin interviewing potential candidates in the fall.
This statement has reignited speculation about changes in the Fed's leadership. Renowned financial analyst Jim Bianco believes that Powell may face two fates: either be directly dismissed by Trump, or be sidelined, as Powell's successor's nominator can make statements to undermine his authority.
Notably, a Supreme Court ruling in May this year could become a "black swan" event this summer. Trump's administration is preparing to ask the Supreme Court to dismiss two senior officials from federal agencies.
Some analysts point out that the final ruling in this case is a test of "whether Trump has the power to dismiss Fed Chair Powell"—although the current Federal Reserve Act stipulates that the dismissal of the Fed Chair must have "just cause," overturning the precedent of the "Humphrey's Executor" case would undoubtedly greatly weaken this protective barrier and open the door to presidential intervention in the Fed's operations.
In other words, by changing the rules of law, Trump may be able to "easily" dismiss the Fed Chair in the future.
On Wednesday, when asked about the political threats facing the Fed Chair position, Powell said that the Fed's independence is granted by U.S. law, and the government cannot unjustifiably remove Fed officials. He said, "The independence of the Fed is a legal issue."
Powell stated that the Fed will continue to do its job without political influence. Regardless of any political pressure, the Fed will carry out its responsibilities.
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.
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