Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

Fed Officials Appointed by Trump Oppose Powell's Unlimited Interim Chair Role on Friday

GateNews
Forex

According to Financial Times, U.S. Federal Reserve Chair Jerome Powell’s second term ended on Friday, and he was appointed interim chair to hold office until successor Bessent completes his confirmation process. However, two Federal Reserve Board members nominated by President Trump—Miran and Bowman—opposed the arrangement.

In a joint statement, Miran and Bowman said they support Powell serving temporarily but cannot back an arrangement with “no time limit.” Miran cast a dissenting vote, while Bowman abstained. They proposed limiting Powell’s interim tenure to “a clearly defined and limited timeframe, at least one week,” but said they “could support a maximum period of one month.”

View Source
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 News

6h ago
Next Week: Fed's Final Powell-Era FOMC Minutes Due Thursday; Nvidia Reports Earnings Wednesday
18h ago
Powell Assumes Interim Fed Chair Role on May 15 Until Walsh's Official Start
05-16 18:15
Trump-Nominated Fed Officials Oppose Unlimited Interim Role for Powell, Vote Against May 17
05-15 21:05
Fed Appoints Powell as Interim Chair Until Warsh Sworn In; Bowman and Mih Dissent
05-15 10:37
Fed's Powell Won't Step Down, Limiting Trump's Board Nominee Plans
In-Depth Analysis

Inflation beats expectations, traders begin betting on a Fed rate hike in December: 51% probability

ChainNewsAbmedia05-15 23:23

Kevin Warsh officially takes office as Fed Chair: the balance sheet reduction path and crypto market outlook

Gate Instant Trends05-15 09:14

FED dovish director Milan submits resignation, director Ball opposes the balance sheet reduction policy

Market Whisper05-15 01:07
Comment
0/400
No comments