$USDC The Peak Power Showdown: Trump's Rate Cut Death Order and Powell's Life-and-Death Standoff
In the early hours of today, the Federal Reserve announced: interest rates remain unchanged. This marks their fourth consecutive time of 'holding steady'. On the surface, everything seems normal, but beneath the water, the confrontation between Trump and Federal Reserve Chairman Powell is almost sparking flames.
1. Trump Tightens His Grip, Powell Rarely Strikes Back
Over the past six months, Trump has publicly called for rate cuts almost every month: 'Hurry up and cut rates!' Just last week, he even directly demanded a 'full percentage point cut'. But Powell did not remain silent this time; he unprecedentedly pointed out that the new tariffs are the 'real culprit' pushing prices up, and ordinary families will ultimately foot the bill.
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 sooner or later be passed on to consumers'—this statement is almost a direct challenge to Trump's policies.
My personal opinion: this high-level game of chess is unlikely to yield a clear winner in the short term, but Powell's steadfast stance gives me more confidence in the independence of economic policy.