ट्रम्प क्यों पावेल से चिल्ला रहे हैं?

जून 2025 में, डोनाल्ड ट्रम्प पिछले दो महीनों में 17वीं सोशल मीडिया प्रतिक्रिया करते हुए, ‘फेड के चेयरमैन’ पावेल को ‘बहुत देर’ (Too Late) कहकर संबोधित करते हैं।

वे कहते हैं: ‘युरोप 10 बार कटआउट करचुका; हमने?’

अभी ‘सस्ती मुद्रा’ – GDP +4% , मुद्रास्फीति = 0%, मगर?

इसका असल मतलब?

• घबड़ाहट : $80B/वर्ष: 2% Rate Cut → Government Borrowing Cost.
• पढ़िए: Lending Rates Lower → Inflation Expectations Rise → Yield Increase (खुद-खुद).

Real Story:

• Core PCE >3% , Energy Volatility.
• Employment: Unemployment =4.5%, Wage Growth =4%
• Q1 GDP Shrunk → Inventory Correction (Not Recession)

Powell Wait For Hard Data. Not Political Pressure.

Power Game: Trump Tariffs → Import Costs ↑ → Then blames Fed for not cutting rates! But Monetary Policy ≠ Fiscal Stimulus. One Rule: React to Conditions, Not Create Them.

Experts Split:

• Goolsbee (Fed Vice Chair): No Spike Since Tariffs.
• Pulte (Fannie Mae CEO): Housing Market Needs Relief Now.
• Cox (Harris Financial): Soft Landing Likely — July/Sept Cuts If Labor Cools. The Consensus? Two cuts by late 2025 — only if Jobs Slow Without Wage/Price Surge.

Why Wait? The Market Hates Uncertainty More Than Anything. The War of Words Fuels It Daily. Precisely Why Central Banks Exist: Enter Boring When Chaos Demands Boldness, stay Calm When Politicians Shout, do What’s Right — Not What’s Popular.