【Trump Again Calls for Rate Cuts, Will the Federal Reserve's "Palace Intrigue" Play Out Again?】
Trump has once again pressured Powell, stating that the rate cut actions are too slow, demanding an immediate cut of 2-3 points, claiming this would save the U.S. $800 billion annually.
He also posted a message mocking Powell for having to "explain the reasons for not cutting rates" in Congress.
However, this time, two officials from the Federal Reserve with vastly different styles—"hawkish" Bowman and "dovish" Waller—both expressed support for a rate cut in July, causing the market to explode.
This drama could play out in three ways:
1. The two proactively seek Trump's favor, vying for the next chairman position;
2. Trump sets the stage early, inciting the two major players to pressure Powell;
3. Powell personally concedes, allowing a subordinate to pave the way, preparing for a real rate cut in July.