The Federal Reserve mouthpiece mentioned the report of Powells resignation: The first reaction is to ignore it, Powell has made a firm statement

By: odaily.com|2025/07/12 09:41:41
0
Share
copy

Odaily News Nick Timiraos, the Federal Reserve mouthpiece, said on social media that when people ask me about various online rumors, my first reaction is to ignore it. But for those who are genuinely curious about whether the Fed chairman will break his oft-repeated promise (that is, to complete his term as chairman, which currently has only 10 months left), I will recall how Powell answered the question about jumping on the lifeboat six years ago. The reason I included his answer in my book is that it is the most resolute statement: Under no circumstances will I voluntarily leave this job before the end of my term. Absolutely not. You wont see me jumping on a lifeboat. I simply cant imagine any situation in which I would not be able to complete my term, unless I die. (Jin Shi)

You may also like

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.

Cursor, why did you get on Musk's spaceship?

SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Overview of Important Market Events on June 16

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

Overview of Important Market Events on June 15

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com