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.
I believe the exact opposite. Both men agree on the same strategy, even if they differ on the methodology for achieving it.
Recently, after the announcement of the tariff increase and then the subsequent suspension of these decisions on the same day, I read in the news that Powell was the one who initiated the 90-day suspension with the aim of pushing the countries targeted by the tariffs to the negotiating table, where they would be forced to make concessions.
Despite the current chaos in the US administration, and despite Trump's arrogance, even against his own administration team, all the elements are moving in perfect harmony, as if someone is pulling the strings behind the scenes.