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Trump has once again stated that interest rates should be lowered. Is the "palace intrigue" of the Federal Reserve playing out again?
The only dog meme coin on the Trump racetrack – Hero Dog Conan is making early moves!
Trump has once again pressured Powell, bluntly stating that the rate-cutting actions are too slow and demanding an immediate reduction of 2-3 percentage points, claiming this would save the U.S. $800 billion annually.
He also posted sarcastically that Powell would explain in Congress his reasons for not lowering interest rates.
However, this time two officials from the Federal Reserve with contrasting styles – hawkish Bowman and dovish Waller have both expressed support for a rate cut in July, causing the market to explode.
This drama could have three plotlines:
1. The two actively curry favor with Trump, vying for the next chair position;
2. Trump makes early moves, persuading the two generals to pressure Powell to relent;
3. Powell personally concedes, allowing his subordinate to pave the way, preparing for a real rate cut in July.
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