The only person who can really manage Trump now is neither Putin nor Netanyahu, but the Chairman of the Federal Reserve, Powell.

Trump wants to lower interest rates, but Powell remains unmoved; on the contrary, he frequently releases expectations of inflation pressures and intends to raise rates.

On the surface, it seems that Powell and Trump are at odds, but in reality, Powell is well aware of the huge risks facing the dollar and U.S. Treasuries. He makes decisions based on data and expertise, not targeting Trump.

The full name of the Federal Reserve is the Board of Governors of the Federal Reserve System, and it is not governed by the U.S. government; it is only constrained by the U.S. Congress.

Trump's chaotic trade battles have led the U.S. down a path of recession, and Powell is merely using monetary and financial means to delay the speed at which U.S. hegemony falls from grace...

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