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 find it very strange that Powell would nurture the thought of opposing Trump when Trump can easily replace him. The job of the Fed is supposed to be in line with the government of the day so why will the Fed refuse to lower rates when the government wants the rates lowerred? I know that Trump will not allow Powell thwart his economic policies so Powell's days may be numbered.