Powell sneaked into the White House in the middle of the night; what did he conspire with Trump about? This matter is definitely not simple. Just before, Trump was on stage every day criticizing Powell for being unreliable, refusing to lower interest rates, and not giving him face, going against him. The Federal Reserve was loudly proclaiming its independence, saying not to try to control them, 'You can criticize, say whatever you want, I will continue to do my job.' And what happened? As soon as Trump waved his hand, Powell immediately went over, his image completely collapsed, haha. They both claimed they were 'just talking about the economy, not politics,' but in a private meeting at this level, can they really just look at the data and talk about the economy? Why would I bother with you, old Powell? Who doesn't know that Trump has been overwhelmed by the tariff issues and urgently needs policy support? At this critical moment, pulling Powell in for a 'secret talk' is clearly intended to get the Federal Reserve to help open a backdoor for him, to lower interest rates or something, to bolster the economy and spare himself from embarrassment.
The market savvy people saw this move, and Wall Street knew right away, they became optimistic, and the stock market soared. They're all clever foxes; what can you talk to me about? Everyone is well aware that between the White House and the Federal Reserve, they claim independence in public, but the behind-the-scenes deals remain the same old decay.
If we talk about which of the two can win in the end, I guess neither lost; both are probably secretly pleased!