At #鲍威尔发言 early this morning, the Federal Reserve announced: interest rates will remain unchanged. This is their fourth consecutive time of 'holding steady'. On the surface, everything seems normal, but beneath the surface, the clash between Trump and Federal Reserve Chairman Powell is almost sparking flames.

1. Trump is pressing hard, and Powell is rarely fighting back.

In the past six months, Trump has publicly called out almost every month: 'Lower interest rates quickly!' Just last week, he even directly demanded a 'full one percentage point cut'. But Powell did not remain silent this time; he unprecedentedly pointed out that new tariffs are the 'real culprit' driving up prices, and the ones who will ultimately bear the cost will be ordinary families.

I closely examined the data: in May, U.S. tariff revenue soared to $23 billion. Prices for computers, appliances, and other daily necessities are already rising. Powell clearly stated: 'This money will eventually be passed on to consumers'—this statement is almost a direct challenge to Trump's policies.