US President Trump once again called on the Fed to cut interest rates on July 28, believing that a rate cut would further enhance the performance of the US economy. Trump stated that even maintaining the status quo, the US economy is performing well, but if interest rates are cut, it would bring more positive effects.

However, Fed Chair Powell seems to disagree with the President's view. Currently, the target range for the Fed's benchmark interest rate remains between 4.25% and 4.50%. Trump hopes to lower it to 1% to ease the borrowing cost pressure on the federal government. Powell's term will last until May 2026, but Trump has expressed dissatisfaction with his refusal to lower interest rates, repeatedly hinting at a possible replacement of the Fed Chair.

It is worth noting that the Fed will hold a monetary policy meeting on July 29 and 30, and will announce the latest interest rate decision. According to CME's "FedWatch" data, the market generally expects the Fed to keep interest rates unchanged in July, with a probability as high as 96.9%. The expectations for September, however, differ, with a 35.4% probability of keeping rates unchanged and a 62.6% probability of a 25 basis point cut.

This debate about monetary policy not only affects the U.S. economy but also stirs the nerves of global financial markets. Investors are closely watching the Fed's decisions and their potential impact on various assets, including cryptocurrencies. As uncertainty around interest rate policies increases, the market may experience new fluctuations and opportunities.