The US Non-farm Payrolls (NFP) data was surprisingly low; this figure is a bit outrageous. If Powell doesn't cut interest rates soon, it will be hard to justify. The employment data was expected to be 11, but the actual figure came in at only 7.3. Traders believe the probability of the Fed cutting rates in September has increased to 75%. At this point, the Fed can't possibly continue to stubbornly claim that the economy is doing great, right? Powell is quite interesting.

Back then, Yellen tricked him into thinking of the bigger picture, and as a result, this guy believed Yellen's nonsense. Even with inflation at 5%, he insisted on not raising interest rates. His stubbornness was only temporary, and eventually, inflation skyrocketed to nearly 9%, forcing him to raise rates in a panic. He was criticized at that time, but no one was willing to clean up the mess for him, so he remained the Fed chairman.
Now, they are extremely conservative, sticking to a 2% inflation target and refusing to accelerate the rate of interest rate cuts, pushing the narrative of data theory. Trump would also scold them, saying that when inflation was high during Biden's time, they stubbornly refused to raise interest rates, and now that inflation has gone down during my time, they still stubbornly refuse to cut rates—are you targeting me???
Firing Powell would be good for the global economy and investors. The U.S. is about to roll over 6 trillion in national debt, and you, a top Fed official, act as if it has nothing to do with you. Powell should be opposed to tariffs, but opposing tariffs without cutting interest rates is useless. With your limited cards, you cannot change the policy of the Trump team. Moreover, with Trump’s current power, he might directly fire you. Persisting in not cutting interest rates is a double blow to the global economy from both the no rate cut/rate hike and the tariff war.