He could have signaled a total independence of the FED from the WHite House, which is by far more important, in the long run, than a mere 25 bps cut.
There is no independence, it is just a theater for people who are naive.
To me, this is the point.
A 25 cut is a policy error, in my humble opinion, but this cut or even a 50 bps one, aren’t going to change anything in the big scheme of events.
Yet, if those cut are done to accommodate Trump pressure, this is far worse.
I don’t think I am a naive person, but this level of pressure from fiscal authorities on the FED is unprecedented, even by modern standards.