Trump wants to lower interest rates quickly, but market data simply does not allow it—
Every economic data release since May 1 has reduced the likelihood of the Federal Reserve rapidly lowering interest rates.
The next FOMC meeting with a probability of more than 50% for a rate cut is on September 17. If this trend continues, a rate cut is likely to be postponed to December.
So no matter how much Trump urges, Powell remains indifferent—
The hope for re-election has been cut off by the supreme leader. If a rate cut becomes uncontrollable, it may end up being blamed on the supreme leader. Powell's technical style tends to favor waiting until the data matures before suddenly applying a strong remedy;
There is no motivation, either publicly or privately, to do this. It’s better to play with expectations and smoothly finish the term.
Just be patient, it’s only a matter of time!