🤣 In fact, regardless of whether interest rates rise or fall, Trump will repeatedly create trouble with tariffs. To be honest, I can empathize with Powell's feelings right now, because if inflation goes down, it will be credited to the president; if inflation goes up, it will be blamed on the Federal Reserve. If the economy gets better, it will be the president's achievement; if the economy enters a recession, it will be because the Federal Reserve lowered interest rates too slowly.
Ultimately, the management of interest rates is still in the hands of the Federal Reserve. If the Federal Reserve had started lowering interest rates at the beginning of the year, the tariffs that began in February would still lead to a significant drop in the U.S. stock market, while the suspension of tariffs in April would still cause a significant rise in the U.S. stock market.
However, if inflation in the U.S. starts to rise in July, with increased consumption, rising prices, and decreasing wages, the Federal Reserve will definitely bear the blame in the end.
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