Manipulation and political plays. The chairman is enjoying his wealthy income while doing nothing except participating in useless meetings where they circlejerk each other and congratulation themselves for doing absolutely nothing. As if there is going to be a economical catastrophe if the rates are lowered a bit early. The negative impact would be minimal, but they want you to understand that they are doing a lot of work for their extremely well paid jobs.
Trump has capitulated and said that he will not be firing Powell and that he will remain in charge for the duration of the term, as if Trump ever had the ability to fire Powell. Trump is just a clown and thinks he can rule the US as if he was Putin. As far as Powell, he has been doing a good job in achieving a soft landing until Trump started his tariff plan, and so now we have all this volatility that wasn't part of the scenario that he was contemplating so now he has to deal with that and he isn't convinced that lowering rates is the way to go since we don't know what will happen with inflation once tariffs really start kicking in.
It is a risky move, but Powell deserves to be fired. You are wrong, he has been doing a terrible job regardless of Trump. You can analyze his performance irrespective of trump's existence, you know?
Rumors say that in May we will see missing products on shelves already so that may be inflationary, and if Powell cuts then we will have even more inflation. Now Powell is trapped trying to guess what he will do.
Good old democratic propaganda disguised a legitimate rumors?
Easier said than done. Everyone can do an amazing job running a central bank, the most important central bank on earth to boot, from the comfort of your screen typing some comments, but let's be realistic, if you had to actually do it, it would be different.
All im saying is, tariffs are inflationary, or there is at least a rationale behind the prediction of inflation due tariffs, and so that is what Powell has done, frontrun possible inflation by keeping the rates as they are. And what does Trump do now, they say they are lowering China's tariffs. So Trump has been flip flopping for months with this, it's only fair that you may be cautious and just keep rates as they are until Trump lays out a more predictable plan, then they can lower rates