📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
According to a report from Jin10 on August 14, Summerlin, a candidate for the Fed chair, stated that aggressive interest rate cuts are appropriate. The current yield structure, combined with a weak labor market and stable inflation, fully supports a 50 basis point cut... without causing any disruption. Currently, there is a wide range of candidates to succeed the current Fed chair Powell. Summerlin's stance on interest rates is at least consistent with Trump's direction. The current U.S. president has repeatedly pushed for a more accommodative Fed policy, advocating for rate cuts of up to 3 percentage points. However, the Federal Open Market Committee (FOMC) led by Powell has maintained the benchmark interest rate unchanged since the last cut in December 2024.