Core Points - President Trump is set to visit the Federal Reserve, intensifying pressure on Chairman Powell regarding monetary policy and raising concerns about the Fed's $2.5 billion renovation project [1][2] - Trump has publicly called for a significant interest rate cut from the current 4.25%-4.5% to 1% to reduce the government's refinancing costs of $1 trillion [1][3] - The visit is seen as a potential threat to the independence of the central bank, which has historically maintained a separate relationship from the White House [3][4] Renovation Project Controversy - Trump's criticism of the Federal Reserve focuses on the $2.5 billion renovation project and what he perceives as overly conservative interest rate policies [2] - White House officials have expressed interest in inspecting the renovation, with some suggesting that the project is excessively costly [2] - The Federal Reserve has responded to criticisms by providing virtual tours of the renovation site and clarifying that certain luxury features have been scaled back [2] Monetary Policy Disputes - Trump's actions signify an escalation in his pressure on the Federal Reserve, with demands for a 3 percentage point reduction in interest rates to lower government borrowing costs [3] - There is internal disagreement among administration officials regarding whether Powell should be dismissed, with some suggesting he should remain until the end of his term in May [3][4] - The potential for Trump's actions to undermine the long-standing principle of central bank independence has raised concerns in the market [3] Legal Implications - If Trump were to attempt to dismiss Powell, it could have significant legal ramifications, as the president lacks the authority to remove Federal Reserve officials without just cause [4] Historical Context - Presidential visits to the Federal Reserve are rare, with Trump's visit being only the third instance since 1937, following visits by Presidents Ford and Roosevelt [5]

今日周三(7月23日)亚盘时段，现货白银目前交投于39.21一线下方，今日开盘于39.24美元/盎司，截至发稿，现货白银 暂报39.19美元/盎司，下跌0.23%，最高触及39.34美元/盎司，最低下探39.11美元/盎司，目前来看，现货白银盘内短线 偏向看跌走势。 特朗普在白宫的新闻发布会上毫不掩饰对美联储主席鲍威尔的强烈不满。他直言不讳地称鲍威尔为"傻瓜"，批评其将 利率维持在过高的水平，阻碍了美国经济的进一步腾飞。特朗普表示："我认为他做得不好，但无论如何，他很快就会 走人。八个月后，他就会走人。"这一言论令人震惊，因为鲍威尔的美联储主席任期将持续到2026年5月15日，而八个 月后的时间点恰好是2026年3月中旬。目前，特朗普为何选择这一时间框架仍是个谜，引发了外界对鲍威尔是否会提前 离职的猜测。 特朗普对鲍威尔的批评并非新鲜事。过去几个月，他多次公开抨击鲍威尔，称其不愿降息的政策损害了美国民众的利 益。特朗普认为，当前美国经济表现强劲，"正在创下纪录"，但高利率却让普通民众难以承受购房压力。他在发布会 上情绪激动地说："我们的经济现在如此强劲，突破一切。但你知道吗？人们买不起房子，就因为这家伙是个傻 ...

据中国青年网消息，特朗普的政治野心正遭遇爱泼斯坦事件、美联储政策分歧与健康问题三重冲击。这三个危机几乎同时爆发，让这 位79岁的总统面临执政以来最严峻的考验。 《华尔街日报》日前披露，特朗普在2003年曾向爱泼斯坦发送带有暗示意味的生日贺信，信中手绘女性胸部图案并附"愿每一天都是另 一个美妙的秘密"字样。 特朗普（资料图） 尽管特朗普立即否认并起诉该媒体，但这一爆料彻底颠覆了他此前塑造的"反爱泼斯坦斗士"形象。 这场风波的政治杀伤力远超预期。特朗普曾在竞选期间承诺揭露爱泼斯坦案真相，甚至暗示民主党高层涉案。如今司法部却宣布没有 证据表明存在"客户名单"，这让他的支持者感到被背叛。 7月17日众议院议事因共和党内部争议被迫中断数小时，多名原本坚定的MAGA议员公开要求政府公开更多信息。 更危险的是，马斯克在与特朗普决裂后宣称"特朗普就在爱泼斯坦名单上"，尽管随后删除推文并道歉，但这一言论已在社交媒体引发 病毒式传播。 特朗普（资料图） 更深层的矛盾在于制度设计。美联储的独立性是美国金融稳定的基石，而特朗普试图通过人事干预施压的做法，被批评为"破坏经济治 理的根基"。 目前参议院休会期导致新主席提名受阻，若强行罢 ...

美国总统特朗普周二继续猛烈抨击美联储，但似乎从解雇主席鲍威尔的残余计划中退了一步。 "我认为他做得很差，但反正他很快就会下台了，"特朗普在白宫与记者交流时表示，"八个月后，他就 会离任。" 特朗普发表这番话的背景是，外界对鲍威尔的职位安全性仍有猜测，且特朗普解雇这位央行行长的权力 在法律层面存在疑问。 早在特朗普第一任期任命鲍威尔时，他就多次批评美联储在降息问题上时而过于谨慎——尽管美联储在 2024年末总统大选前后将基准利率下调了整整1个百分点。鲍威尔的主席任期将于2026年5月结束。 除了批评利率政策，白宫还对美联储耗资25亿美元翻新华盛顿两座办公楼的项目提出质疑。白宫副幕僚 长詹姆斯·布莱尔（James Blair）周二在X平台发帖称，政府官员计划周四考察该项目现场。 周二早些时候，财政部长贝森特曾表示鲍威尔"一直是称职的公职人员"，但他在白宫称，美联储需 要"展开全面内部调查，不仅审查货币政策，还要审视其他所有事务。美联储的职责范围大幅扩张，这 也是支出大增的原因所在。" 在利率问题上，贝森特支持这样一种观点，即美联储可能应该在通胀基本放缓的情况下放松货币政策。 贝森特说："他们在关税问题上散布恐慌情 ...

据报道，日本央行将在加息前关注贸易谈判的影响。日本央行下周可能维持基准 利率不变；日本央行 认为选举对利率立场影响不大。 (第一财经) ...

该行表示多项数据指标符合甚至略强于预期，这证明稍作等待是明智之举。 纪要指出，虽然一季度经济增长乏力，但私人需求的回升强于预期，劳动力市场也未如预期般松动。 智通财经APP获悉，最新公布的会议纪要显示，澳洲联储认为，在四次会议内第三次降息不符合其谨慎 渐进宽松的策略，这是本月其按兵不动令市场震惊的原因所在。 7月7-8日政策会议纪要显示，澳洲联储九人委员会多数成员判定3.85%的利率仍处于适度紧缩区间，但 难以确定在利率转为中性前还有多少下调空间。 会议纪要称，"因此委员们认为，随着所需政策紧缩程度的降低，谨慎降息或许是审慎之举。" 主张降息的三位委员则认为，已有充分证据表明通胀正持续回归目标水平，无需等待更久才进一步放松 政策。 澳洲联储在此次会议上以罕见的6:3分歧比例维持利率不变令市场意外，称委员会多数成员希望等待包 括季度物价数据在内的更多信息来确认通胀正在放缓。 在月度通胀报告显示5月剔除波动项的核心通胀指标触及2.4%的三年半低点后，交易员曾大幅押注会降 息。一季度经济也几无增长，因公共需求萎靡。 澳洲联储对市场预期作出回应称，过去曾多次出现市场对政策会议结果极度确信，但央行最终反向操作 的情况。 ...

澳洲联储会议纪要：目前难以判断利率还能下降到何种程度，降至一定水平后政策将不再具有紧缩性， 因此需保持审慎。 ...

Core Viewpoint - The ongoing conflict between President Trump and Federal Reserve Chairman Powell highlights a significant challenge to the independence of the Federal Reserve and raises concerns about the stability of the U.S. dollar as the world's reserve currency [7][29][31]. Group 1: Pressure on Powell - Trump has repeatedly criticized Powell, referring to him with derogatory nicknames, indicating a personal vendetta against the Fed Chairman [3][17]. - The pressure from Trump for interest rate cuts has been met with resistance from Powell, who cites inflation uncertainties due to tariffs and a strong labor market as reasons for not lowering rates [3][16]. - The internal division within the White House regarding Powell's position is evident, with Treasury Secretary Mnuchin advising against firing Powell due to potential severe economic and political repercussions [5][22]. Group 2: Renovation Controversy - The renovation of the Federal Reserve's headquarters, costing nearly $2.5 billion, has become a focal point for Trump's criticism, with accusations of wasteful spending [10][12]. - Powell has defended the renovation as necessary for safety and structural integrity, attributing cost increases to post-pandemic material price surges [12][14]. - Trump's use of the renovation as a pretext for potentially dismissing Powell underscores the personal nature of the conflict [12][31]. Group 3: Economic Implications - Trump's demand for significant interest rate cuts, exceeding 3 percentage points, is driven by the desire to reduce interest expenses on the national debt, which could be used for tax cuts and infrastructure projects [14][31]. - Powell's reluctance to cut rates stems from concerns about reigniting inflation, which he has been combating amid the highest inflation rates in 40 years [16][29]. - The potential dismissal of Powell could undermine the perceived independence of the Federal Reserve, leading to broader implications for market stability and investor confidence in the U.S. dollar [20][31]. Group 4: Internal Fed Dynamics - The Federal Reserve is experiencing internal divisions regarding the timing of interest rate cuts, with differing views among members on the impact of tariffs and inflation [24][26]. - The ongoing discussions about the next Fed Chair indicate a power struggle that could influence future monetary policy directions [26][29]. - The conflict between Trump and Powell transcends personal disputes, touching on the fundamental principles of the U.S. economic system and the long-standing independence of the Federal Reserve [29][31].

Core Viewpoint - The global financial market is experiencing turbulence due to the Federal Reserve's hawkish stance on interest rates, with significant implications for various sectors and companies [1][3]. Group 1: Federal Reserve's Stance - Dallas Fed President Logan emphasized that interest rates must remain restrictive for at least 6-12 months, dampening market expectations for rate cuts [3]. - The June CPI data showed an overall inflation rate of 2.7% and core inflation at 2.9%, which is still above the Fed's 2% target, supporting Logan's firm position [3]. - Following Logan's speech, the 30-year U.S. Treasury yield surpassed 5% for the first time since June, indicating rising borrowing costs [3]. Group 2: Political Dynamics - President Trump publicly criticized the Federal Reserve, calling for a 3% rate cut, arguing it could save the government $1 trillion annually [5]. - The selection process for Powell's successor has begun, with indications that Trump's senior economic advisor, Kevin Hassett, is a leading candidate, which could signal a shift in Fed policy [6]. Group 3: Trade War Implications - Trump announced a 30% tariff on goods from the EU and Mexico, escalating trade tensions and increasing geopolitical risks [6]. - The market's reaction to these tariffs has been mixed, with gold prices supported as a safe haven, while the strengthening dollar has put pressure on gold prices [6]. Group 4: Market Reactions - Nvidia's stock rose 4% after the U.S. government approved its export of AI accelerators to China, reflecting a significant shift in U.S.-China tech policy [7]. - The MSCI Asia-Pacific index fell by 0.1%, with concerns over rising U.S. Treasury yields affecting market sentiment across Asia [8].

Core Viewpoint - The article discusses the complex dynamics between President Trump and Federal Reserve Chairman Jerome Powell, highlighting Trump's public criticism of Powell while refraining from dismissing him due to legal and political constraints [1][2][15]. Group 1: Trump's Criticism of Powell - Trump has openly criticized Powell, calling him names and expressing dissatisfaction with the Federal Reserve's high interest rates, which he believes are detrimental to the economy [1][3]. - The President's main grievance revolves around the high interest rates, which he argues increase government debt servicing costs significantly, especially with the national debt at $36 trillion [3][7]. - Trump's recent focus on the Federal Reserve's $2.5 billion renovation project is seen as an attempt to create a narrative against Powell, labeling it as wasteful spending [10][11]. Group 2: Legal and Political Constraints - The Federal Reserve operates under strict legal protections, making it difficult for Trump to dismiss Powell without substantial legal justification [1][2]. - Republican figures, including House Financial Services Committee Chairman Hill, have cautioned Trump against attempting to remove Powell, warning of potential legal repercussions and damage to the Fed's independence [2]. - Trump's political maneuvering is complicated by the need to maintain a stable economic environment, as any instability could backfire on his administration [13][15]. Group 3: Economic Implications - The article emphasizes the tension between Trump's push for lower interest rates and the Federal Reserve's mandate to control inflation, which remains above the target [3][5]. - Trump's tax cuts, while aimed at stimulating the economy, have contributed to rising inflation and increased fiscal pressure, complicating the Fed's decision-making [5][15]. - The ongoing debate over interest rates and fiscal policy reflects deeper issues within the U.S. economic governance, highlighting the risks of political interference in monetary policy [15][16].