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.
Trump is the one who made the economy worse through his tariff war, but he blames Powell for being slow to lower interest rates and causing the economy to stagnate. This is really ridiculous.
He has no authority to interfere in the Fed's internal affairs, he can only do so if he can convince the Supreme Court, but that is an impossible task. Not to mention, firing Powell would have many serious consequences, especially causing the world to lose confidence in the USD. So the Supreme Court and Congress will never let that happen.
If there was no trade war, I think the Fed would have cut rates because both CPI and core CPI have fallen more than expected in recent months.
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