ট্রাম্প কেন পাউয়েলকে চিৎকার করছে?

জুন 2025, Donald Trump 60দিনে 17বার Twitter-এ ‘Fed Chair Jerome Powell’ -কে ‘Too Late Mr.’ (তিনিই ‘খুবই’ )। “ইউরোপ 10বার rate cut;আমরা?”

আমি admit:এটা like a very expensive sitcom. Former president vs unelected bureaucrat. But under the drama: real debt bomb.

Trump wants lower rates to save $80B/year on U.S. debt. But if markets panic? Yields go up — not down. It’s like cooling fever with heater.

“Inflation gone!” But core PCE >3%, energy prices volatile. Labor market strong: unemployment 4.5%, wages +4%. GDP fell slightly — inventory correction.

Powell waits for clear slowdown signal.

This isn’t just economics — it’s political theater.

Tariffs raised import cost → blame Powell for not fixing via cuts.

Want stimulus after fiscal expansion? Breaks central banking rule: policy must respond, not create conditions.

Experts divided:

• Goolsbee (Fed Vice Chair): No inflation spike post-tariff → room for easing.
• Pulte (Fannie Mae CEO): Housing market needs relief now.
• Cox (Harris Financial): Soft landing likely; cuts in July/Sept if labor cools.

But most warn: premature cut fuels inflation expectations & erodes Fed trust.

“Cutting too soon breaks credibility.” – Gregory Daco, EY Chief Economist

Consensus: Two cuts late 2025 — only if job growth slows without wage/price spikes.

Why wait? Markets hate uncertainty more than anything. Public attacks undermine dollar confidence — long-term stability at risk.

Yes, I sound like broken record: “wait for data.” But that’s why central banks exist — to stay calm when politicians scream.