Golden Finance reports that the conflict between Trump and Powell has once again reached a climax. There are reports that Trump has drafted a letter to dismiss Powell and has sought opinions from senior Republican officials. However, after the relevant information was leaked, Trump suddenly changed his mind and stated that he did not intend to dismiss Powell. According to sources cited by Fox reporters, this fickle attitude reflects internal divisions within the Trump administration over whether it is legal to dismiss the Federal Reserve Chairman. Perhaps now is not the time yet. Trump hinted that there may be fraud issues related to the renovation of the Federal Reserve building. But this seems a bit far fetched. His sharper statement is: 'The Federal Reserve Board has not fulfilled its duties at all.' This may indicate that his strategy is shifting from directly pressuring Powell to the entire Federal Reserve Board. Currently, Trump has two allies in the council: Bauman and Waller. The next step may be to seek the support of more council members. There is more than one way to cut interest rates, and it does not necessarily require Powell's vote, as long as it receives the support of a majority of voting members.
