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- 21:54The politicization risk of the Federal Reserve may trigger inflation uncertainty and rising borrowing costs.ChainCatcher news, according to Jinse Finance, UBS stated that Federal Reserve Chairman Powell's speech at Jackson Hole signaled an increased probability of a rate cut in September, but lacked guidance on a medium-term policy framework. UBS pointed out that Powell did not make a stronger defense of the Fed's independence, and that a politicized Fed under Trump in the future could reignite inflation uncertainty, increase real borrowing costs by 1 percentage point, and trigger a chain reaction affecting fiscal policy and household savings, among other areas.
- 20:47Trump: (Regarding the Federal Reserve's statement about Cook) I will abide by the court's decisionJinse Finance reported that U.S. President Trump said: (Regarding Federal Reserve Governor Cook) We are ready for a legal battle. Cook appears to have engaged in misconduct. We need people who are 100% honest and upright. (Regarding the Federal Reserve's statement about Cook) I will abide by the court's decision.
- 20:39Cook can still participate in the Federal Reserve's interest rate meetings, pending court decisionAccording to ChainCatcher, citing Golden Ten Data, Cook has stated through his private attorney that he will challenge his position as a Federal Reserve Board member in court and seek a judicial ruling. A Federal Reserve spokesperson said they will comply with the court's decision. Cook's status as a board member has not changed before the next meeting, and he can still participate in the interest rate decision meeting on September 16-17.