#特朗普施压鲍威尔 Below are the relevant details of Trump's pressure on Powell:

Pressure Situation

• Pressure during the first term: During his first term, Trump frequently publicly criticized the Federal Reserve and Powell, often urging the Fed to cut interest rates.

• Continued pressure in April 2025: On April 17, Trump posted on the social media platform 'Truth Social' that Powell's actions were always 'too late and wrong', stating that he should have cut rates like the European Central Bank earlier, and that now he should cut rates immediately, also saying that 'the sooner Powell goes, the better'. On April 18, Trump spoke at the White House, reiterating that Fed Chairman Powell should lower interest rates.

Purpose of Pressure

• Offset the impact of tariff policies: Trump hopes to lower interest rates to 'offset' the inflation caused by his own tariff policies.

• Blame for economic recession: The Associated Press believes that Trump's tariff policies have increased the risk of a recession in the U.S., while Trump seems to want to shift the blame onto Powell.

• Align with economic policy: Bloomberg journalist Whiteley stated that regardless of whether he is president, Trump has always had his own ideas about interest rates, often contradicting the Fed Chairman's thoughts; Trump's notion seems to be 'I want to set economic policy, and the Fed should align with me'.

Reasons Powell Resisted

• Maintain the independence of the Fed: Powell emphasizes the independence of the Federal Reserve, believing that policy adjustments should be based on economic data rather than political interference.

• Consideration of economic conditions: The Washington Post analyzed four reasons why the Fed is not cutting rates, including the desire to see more substantial evidence of a slowdown in the U.S. economy; current U.S. inflation is still above the Fed's 2% target; significant uncertainty exists in the trade war, making it less likely for the Fed to act quickly; despite high volatility in financial markets, they remain 'functioning normally', and the Fed typically intervenes rapidly only when large financial institutions suddenly collapse to prevent systemic financial issues or economic recessions.

Impact of the Event

• Financial market volatility: This remote confrontation between the president and the central bank governor is akin to a smoke-free currency war, bringing great risks to global financial markets.