Authors: Zhang Yaqi, Li Dan,Wall Street News

Seeing the European Central Bank repeatedly cut interest rates, Federal Reserve Chairman Powell always "don't listen to advice". US President Trump seemed angry. He called Powell three times in a day, called for interest rate cuts, and even made harsh words, saying that Powell should have been fired long ago.

On Thursday morning, Eastern Time, Trump posted on social media:

Always too late and wrong Fed Chairman Jerome Powell released a report yesterday, which is another typical, total "chaos"!

Powell should have lowered interest rates long ago as the ECB did, but he should definitely lower them now. The faster Powell's resignation, the better!

During the afternoon session of the U.S. stock market on Thursday, Trump called out to Powell twice.

Trump said, I don't think Powell did his job well. If I ask, he has to leave. Powell couldn't make me happy. He is always slow to move.

Trump accused Powell of manipulating politics, saying he was too bad. Interest rates in the United States have risen and interest rates should be suppressed. Powell should cut interest rates. Trump also compared Europe, saying that Europe is cutting interest rates.

After a few dozen minutes, Trump "blame" Powell again, saying that the Fed should cut interest rates, which is what the Fed owes the American people. Powell will face great political pressure.

Trump said the only good thing Powell can do is cut interest rates. If Europe cuts interest rates and the Fed is indifferent, it will put the United States at a disadvantage. Costs have dropped, and inflation in the United States is minimal.

These comments by Trump are clearly in response to Powell’s hawkish statement last night. Trump reiterated his rhetoric more than a week ago, saying that the Fed "can be fully able to wait until the situation is clearer and then consider adjusting our policy position." Powell believes that Trump's policies such as tariffs have put the economy in high uncertainty, and the Fed should avoid tariffs pushing up inflation for a long time.

In fact, Trump has long been dissatisfied with Powell. Trump feels that Powell remains "half a beat" and "acts too slowly" in anti-inflation. He repeatedly urged interest rate cuts on social media, asking Powell to "take action quickly."

U.S. Supreme Court ruling may affect Powell's appointment

On Monday, the White House reported that the Federal Reserve "changed its coach". Treasury Secretary Bescent said he and Trump have been considering "the next Fed chairman" and plans to start interviewing potential candidates in the fall.

These rekindled speculation about changes in the Fed's leadership. Jim Bianco, a well-known financial analyst, believes that Powell may face two fates: either being directly fired by Trump or being undermined because the nominee of Powell's successor can speak to undermine his authority.

It is worth noting that in May this year, a U.S. Supreme Court ruling could become the "black swan" event this summer. Trump's administration is preparing to request the Supreme Court to fire two senior federal agencies.

Some analysts pointed out that the final judgment in this case is a test of "whether Trump has the right to fire Federal Reserve Chairman Powell" - although the current Federal Reserve Act stipulates that there must be "legitimate reasons" to fire the Federal Reserve Chairman, if the Supreme Court overturns the case of Humphrey Executor, it will undoubtedly greatly weaken this protective barrier and open the door for the president to interfere in the operation of the Federal Reserve.

In other words, by changing the legal rules, Trump may be able to "easily" fire the Federal Reserve Chairman in the future.

Asked on Wednesday about the political threats facing the position of Fed Chairman, Powell said that the Fed's independence is granted by US law and the government cannot remove Fed officials without reason. "Our independence (the Federal Reserve) is a legal issue," he said. "

Powell said the Fed will continue to do what it should do without being affected by politics. No matter what political pressure it faces, the Federal Reserve will do its job well.