Federal Reserve Chairman Powell will deliver a public speech tonight, with the market focusing on his response to Trump's pressure
BlockBeats News, July 22. Federal Reserve Chairman Powell will attend a banking regulation-related meeting and deliver opening remarks at 20:30 tonight Beijing time. Due to recent pressure from Trump and Republican lawmakers regarding the overspending on the Federal Reserve headquarters renovation project, his speech tonight is widely anticipated by traders and investors. It is expected that Powell will not make a direct statement on the matter in tonight's speech but may once again emphasize the importance of the Fed's independence.
The renovation budget for the Federal Reserve headquarters building has surged from $1.5 billion to $25 to $26 billion, far exceeding expectations, with rumors involving luxury facilities such as a rooftop garden and a private elevator, leading to public and political questioning of its extravagance. Trump and others seized the opportunity to criticize Federal Reserve Chairman Powell and questioned his transparency. The Fed responded that the overspending was due to rising material costs and unexpected issues, and the funds came from its own income rather than taxpayers, but the controversy has not subsided, potentially impacting its reputation and independence. The market speculates that Trump may use this as an excuse to dismiss Powell. When asked last week if he would dismiss Powell, Trump said the possibility is very low unless fraud is involved.
You may also like

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

Aave Founder: What Is the Secret of the DeFi Lending Market?
The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes
What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.
How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon
Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.
80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars
Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.
AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals
Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

Polymarket vs. Kalshi: The Full Meme War Timeline

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Russian-Ukrainian War Prediction Market Analysis Report

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?
Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset
Aave Founder: What Is the Secret of the DeFi Lending Market?
The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes
What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.
How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon
Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.
80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars
Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.
AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals
Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.