- Protection Fund
  1,000 BTC Protection Fund to safeguard your assets
- Career
  Join WEEX and build the future
- WXT Zone
  Exclusive fee rates and airdrops
- Announcement Center
  Get the latest updates from WEEX
- Elite Trader
  Share strategies and earn rewards
- Crypto Wiki
  Master trading with easy-to-follow guides
- Affiliate
  Unlock exclusive perks and high commissions
- Crypto News
  Keep up with the latest crypto trends
- Contact Verifier
  Verify the channels you use
- VIP Perks
  Become a WEEX VIP today
- Events Calendar
  Explore WEEX events around the world
Buy Crypto
- header.nav.buy
  header.nav.buy_desc
- P2P Trading
  Buy crypto with 0 fees
Markets
Futures
- USDT-M Futures
  Perpetual futures settled in USDT
- Demo Trading
  USDT-M futures demo
- About Futures
  Trade with confidence
- Leaderboard
  Current & past leaderboards
Spot
Copy Trade
WE-Launch

Scan to download
More options

The Federal Reserve Responds for the First Time to "Trump Fires Powell": Implies Court Appearance

By: theblockbeats.news|2025/08/27 03:22:17

BlockBeats News, August 27th, a Federal Reserve spokesperson stated that, according to the Federal Reserve Act, Congress clearly mandated that Federal Reserve Board members should have long and fixed terms and can only be removed by the President for "good cause." The long-term tenure of Board members and the dismissal protection mechanism are crucial safeguards to ensure that monetary policy decisions are based on data, economic analysis, and the long-term interests of the American people.

The Federal Reserve will continue to fulfill its duties lawfully, and Board member Cook has stated through her personal attorney that she will immediately challenge this action in court. As always, the Federal Reserve will abide by any court rulings. (Xinhua News)

CoinList has launched the private sale portal CoinList Alpha, with the first transaction supporting Solana-based fintech firm Sharp's PIPE private financing.

Ethereum Foundation Teams Up with Columbia University to Launch Blockchain-themed Podcast, First Episode to Air Today