Recently, the U.S. political stage has put on a wonderful "soap opera" 🎬, with the main characters being the attention-grabbing Trump and the steady Powell. This battle over whether to cut interest rates is even more exciting than (House of Cards)!
"Mr. Too Late"'s Birth Story 🤬
Recently, Trump has been on fire on social media, giving Federal Reserve Chairman Powell a new nickname - "Mr. Too Late."
Trump sent out several tweets, each more explosive than the last: "idiot", "shame of America", "most destructive person"... One might think he's chasing some palace intrigue drama! 😂
The funniest part is that Trump boasted: "I would definitely be a better Federal Reserve Chairman than them!"
600 billion dollars in "verbal sparring" 💰
Trump calculated and claimed that if interest rates were cut by 2 percentage points, the U.S. could save 600 billion dollars each year!
"Just because this idiot is sitting there..." It sounds like Powell is deliberately trying to make things difficult with the money.
However, experts need to pour cold water on this ❄️: Unless there is an economic crisis, the Federal Reserve has never cut rates this much at once. The last time was during the outbreak in 2020, and now? Thinking too much!
Powell's "Buddha-like" response 🙏
Facing Trump's barrage of attacks, Powell remained very calm: "We are in a good position now and can continue to observe..." (Translation: You say your thing, I'll do mine.)
The best part is when asked if he would stay on after his term ends in 2026, Powell directly responded with "no comment." I give him full marks for that psychological quality! 💯
"Coercive measures" threat? False! 🚫
Trump recently stated that he might "take coercive measures," scaring onlookers into thinking there would be a "presidential impeachment of the Federal Reserve Chairman" drama.
Then he immediately clarified: "I won't fire him!" (Netizens: Your change of face is faster than flipping a book!)
The truth behind the scenes revealed 🔍
In fact, behind this verbal battle is a typical contradiction of "the president wanting to stimulate the economy vs. the Federal Reserve wanting to prevent inflation."
Trump thinks cutting interest rates can reduce government debt interest (last year's interest payments accounted for 3.06% of GDP!), but the Federal Reserve is more worried that a hasty rate cut could trigger a rebound in inflation.
The latest economic data is also interesting 📊: PPI's increase is moderate, and companies are digesting tariff costs themselves... It seems this "interest rate cut dilemma" will continue!
Onlookers expressed: Rather than whether to cut interest rates, we are more curious about what new nickname Trump will give Powell next? 🤔 (I'll bet fifty cents on "Mr. Snail"!)