Recently, Trump once again expressed his dissatisfaction with Fed Chairman Powell through social media. He claimed that if it weren't for Powell's obstruction, interest rates would have already dropped to 2%. This statement reflects Trump's consistent position, as he has always advocated for a significant and rapid drop in interest rates, believing it is crucial for the U.S. economy.

Despite the latest GDP data showing strong economic growth in the United States, Trump also acknowledged that the economy is performing well, but he still insists that the current interest rates are too high and need to be dropped quickly. This aggressive stance stands in stark contrast to the cautious position of Fed Chairman Powell.

In a recent speech, Powell admitted that the U.S. economy is facing a dilemma. On one hand, he is concerned that inflation may rise again; on the other hand, the job market may weaken. Powell's cautious attitude stems from a deep understanding of the complexities of the economy: a rapid drop in interest rates could lead to uncontrolled prices, while a delay in lowering rates could put pressure on businesses and affect employment.

Powell emphasized that if the pace of interest rate drops is too fast, the efforts made to control inflation may be in vain. This cautious attitude reflects the enormous challenges the Fed faces in formulating monetary policy.

The differences between Trump and Powell not only reflect their differing understandings of economic policy but also highlight the delicate relationship between political pressure and independent central bank decision-making. As the economic situation continues to evolve, this debate over interest rate policy may continue to impact the direction of the U.S. economy and even the global economy.