The US Non-farm Payrolls (NFP) data came out disappointing, it's a bit outrageous, and if Powell doesn't cut interest rates soon, it would be hard to justify. The employment data was expected to be 11, but the actual figure came out 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 well, right? Powell is quite interesting.

Back then, Yellen tricked him into believing that the overall situation was important, and as a result, this guy actually believed Yellen's nonsense. Inflation was already at 5%, yet he insisted on not raising interest rates. His stubbornness was only temporary, and eventually, inflation soared to nearly 9%, prompting him to hastily raise rates. At that time, he was criticized, but no one was willing to clean up the mess for him, so he remained the Fed chairman.
Now, on the other hand, they are extremely conservative, sticking to a 2% inflation target without letting go, refusing to accelerate the pace of interest rate cuts, and resorting to data manipulation. Trump would also be scolding—when Biden was in office, inflation was high and you refused to raise interest rates, and now that inflation has come down during my term, you still 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 as a top official of the Fed, he acts like it has nothing to do with him. Powell should oppose tariffs, but opposing tariffs by not cutting interest rates is useless. With the limited cards you have, you cannot change the policy of the Trump team, and given Trump's current power, he might directly fire you. Insisting on not cutting interest rates is a double blow to the world economy from the impact of not cutting rates/rate hikes and the trade war.