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According to a report by Jinse Finance, Treasury Secretary Bessent and several economic advisors generally advocate for maintaining the Federal Reserve’s independence. For example, in a recent Fox Business interview, Bessent declined to criticize Trump regarding the renovation of the building. However, other advisors and external allies have been exploring legal avenues to remove Powell from his position since before the election. In his testimony last month, Powell stated, “No one wants to undertake a major renovation of a historic building during their term, let alone two historic buildings that require extensive repairs.” Previously, Trump had pushed more broadly for lower interest rates to reduce government borrowing costs. The Federal Reserve is not expected to cut rates at its meeting later this month, but Powell has indicated that if inflation performs well or the labor market weakens, a rate cut may occur later this year. Trump hopes to lower the cost of servicing the federal deficit, though his tax cuts could further expand the federal deficit. Except in extreme situations such as war, central banks in developed economies tend to resist such pressure. They believe that maintaining stable inflation is crucial for sustaining confidence in their national currency.

According to Jinse Finance, analyst Yujin reported that the "insider" @qwatio had previously shorted BTC and ETH with $16.28 million over the past two weeks, but was fully liquidated yesterday, incurring a loss of $16.27 million. Subsequently, he redeemed 10 million USDC from Maker and transferred it to Hyperliquid, opening new short positions worth $232 million, including a 40x leveraged short on 1,273 BTC and a 25x leveraged short on 27,700 ETH.