The U.S. government is applying unprecedented pressure, the confusion caused by tariffs is unclear, and the Federal Reserve's interest rate meeting is affecting "Powell's fate".

The Federal Reserve's July interest rate meeting in Washington is receiving global attention. It is widely expected that this meeting will maintain unchanged interest rates, and the market will focus more on Federal Reserve Chairman Powell. In recent weeks, U.S. President Trump and many government officials have been exerting unprecedented pressure on Powell and the Federal Reserve to cut rates. Fisbach, the CEO of Azoria Capital, who is seen as a Trump ally, recently even sued the Federal Reserve, demanding that the details of this meeting be made public. Although the lawsuit was rejected on Monday, it added more conflict to the already highly anticipated meeting. "Powell's fate hangs over the crucial Federal Reserve meeting," reported the U.S. financial media "Market Watch" on the 28th. At Wednesday's press conference, the most important issue for Powell is not the level of interest rates, but whether he will continue to serve as a Federal Reserve governor after his term as chairman ends in May next year.