According to CCTV News, President Trump said on May 4 that Federal Reserve Chair Powell is a ‘disaster’ for the United States, criticizing interest rates as too high.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Japan to Release March Trade Balance in 10 Minutes
Japan will release its March trade balance data in approximately 10 minutes.
GateNewsJust Now
U.S. Senate Confirms Kevin Wash as Federal Reserve Governor with 14-Year Term on May 12
According to CCTV News, on May 12, the U.S. Senate confirmed Kevin Wash as a Federal Reserve Governor with a 14-year term. The Senate is expected to immediately initiate confirmation proceedings for Wash to become Federal Reserve Chair, with procedural voting potentially completed as early as May 13
GateNews32m ago
Goldman Sachs: Energy Shocks to Keep US Rates Higher for Longer, Supporting Dollar Strength
According to Goldman Sachs, the U.S. dollar will strengthen further in the near term as energy price shocks keep yields elevated while economic growth remains resilient. The combination of rising inflation and growth resilience means interest rates will remain "higher-for-longer," according to Goldm
GateNews39m ago
Federal Reserve Holds Rates in June With 97.1% Probability, CME FedWatch Shows
According to CME FedWatch data released on May 13, the Federal Reserve has a 97.1% probability of holding interest rates unchanged in June, with a 2.9% chance of a 25-basis-point rate cut. For July, the probability of maintaining rates stands at 96%, while a 25-basis-point cut has a 3.9% probability
GateNews1h ago
Offshore Yuan Closes at 6.7908 Against Dollar, Up 11 Pips on May 12
On Tuesday (May 12), offshore Chinese yuan (CNH) closed at 6.7908 against the U.S. dollar, up 11 pips from Monday's close in New York trading.
The currency traded within a range of 6.7977 to 6.7900 during the
GateNews2h ago
US April CPI Rises 3.8% YoY, Highest Since May 2023; Real Wages Fall
The U.S. Consumer Price Index rose 0.6% month-over-month in April, matching expectations, with annual inflation reaching 3.8%, the highest level since May 2023. Core CPI increased 0.4% monthly, slightly above forecasts, and 2.8% annually, marking the highest reading since September 2025. Real
GateNews3h ago
