Seems Powell is having an alpha male competition with Trump. He doesn’t think rates need lowering, Trump does. We will see who blinks first but I read Trump is exploring possibilities to relieve Powell from his duties. Historically the FED always seems to act too late. I think Powell should cut rates, it will make life cheaper for Americans.
How would Trump expect an interest rate cut when it's making the economy unpredictable with his unstable tarrif policies.
Trump knows what to do to stabilize the economy, ditch this unnecessary tarrif war. Sacking Powell will be a complicated process
that might require legislative approval. I also want the FEDs to cut rates because it usually affects the crypto industry positively.
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