Powell is tough: Trump will not resign even if forced, the election will not affect the short-term decisions of the Federal Reserve... but will there be a rate cut in December?

After the results of the US presidential election were released and Trump won the election, the Fed decided to cut interest rates by 1 yard to 4.5%~4.75% range this morning, as the market expected, but the FOMC statement after the meeting deleted the language on inflation standards, making the outside world speculate that it may imply that a pause in interest rate cuts in December is not excluded, and Fed Chairman Powell made it clear today that if Trump forces him to resign, he will not resign. (Synopsis: BTC broke through 76,800 and hit a new high, Ethereum stood at $2,900, the Fed cut interest rates by 1 yard, U.S. stocks rose more or less) (Background supplement: JPMorgan Chase warning: Trump victory = inflation storm again, Fed may suspend interest rate cuts in December) The US Federal Reserve announced a rate cut by one yard this morning (8), reducing the BenchmarkIntrerest Rate to the range of 4.5%~4.75%, in line with market expectations, which is after the first 2-yard rate cut in September, Second rate cut in a row. It is worth noting that in the statement after the meeting, the Federal Open Market Committee (FOMC) deleted the language on inflation standards, and also led the outside world to speculate whether it implied that it would not rule out a possible pause in interest rate cuts in December. Fed December Intrerest Rate may be on hold? The FOMC statement after the meeting said that recent economic indicators indicate that economic activity continues to expand steadily. Labor market conditions have generally eased since the start of the year, unemployment has risen but remains low, and inflation has made progress toward the 2% target, but remains slightly higher. The Committee seeks to achieve the full-employment and 2% longer-term inflation targets, believing that the risks of achieving the employment and inflation targets have continued to be roughly balanced over the past 1 year, and the economic outlook is uncertain, and the Committee is following the risks of its dual responsibilities, and in support of its objectives, the Committee decided to reduce the target range of the Federal Funds Intrerest Rate by 0.25% to 4.5%~4.75%. In assessing the appropriate monetary policy position, the Committee will continue to follow the impact of newly released information on the economic outlook and will stand ready to adjust the monetary policy position to appropriate circumstances if risks arise that may impede the achievement of the Committee's objectives, taking into account a wide range of information, including indicators of labor market conditions, inflationary pressures and inflation expectations, as well as developments in the financial and international situation. Notably, the committee's post-meeting statement, while reiterating that the risks to the dual employment and inflation targets were broadly balanced, removed language that was more confident that inflation would fall back to the target, and some observers speculated that the deletion of the language might imply that the Fed would not rule out the possibility that the Intrerest Rate in December would not be moved. Bauer: If Trump asks to step down, he will not resign Looking ahead, whether Trump's victory will affect the Fed's decision-making has triggered a follow-up, because he promised large-scale deportations of immigrants, comprehensive tariffs and tax cuts after taking office, and Fed Chairman Ball said at a press conference after the meeting that the election results will not have a short-term impact on the US monetary policy. As officials are recalibrating their current tightening monetary policies to deal with inflation rates that have slowed significantly over the past year and are close to the 2% target, the Fed will continue to evaluate the data to determine the "pace and target" of the Intrerest Rate, but as the new administration policy takes shape, the Fed will begin to assess its impact on the goals of stabilizing inflation and maximizing employment: It's a process that takes time, it's all the policy changes that're happening, what's the net effect? Overall impact on the economy at a given time? It's a process... We go through this process every time there is a change of government. Trump said this summer that he would keep Ball as Fed chairman until his four-year term ends in May 2026, and when Ball was asked at a press conference whether he would step down if Trump asked him to resign, he said he would not resign, and according to the law, the president does not have the power to remove a Fed president who was approved by the Senate because of policy differences: The law does not allow it. Powell said the current economic outlook is solid and the Fed wants to keep it that way: Further adjustments to our policy stance will help maintain strong momentum in the economy and labor markets, and we will continue to drive further progress on inflation by taking a more neutral stance over time. We think the economy and our policies are in very good shape. 20 Central Bank Announces Intrerest Rate Decision This Week! Fed interest rate cut hits US election, market wave is coming? BTC rushed to 71,500 magnesium "reverse Vbig dump", US non-farm payrolls hit a new low after the epidemic, and the interest rate cut in November stabilized by 1 yard? U.S. bond yield Intrerest Rate continues to climb higher "hit interest rate cut expectations" Dow Jones plunged 400 points, Goldman Sachs: S&P 500 golden decade has passed "Ball toughened: Trump will not resign, the election will not affect the Fed's short-term decision... But the December rate cut changed? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".