Trump criticized Powell again, this time "without naming names"

Trump once again criticizes the Federal Reserve, implying that Powell is a "poorly performing Federal Reserve official." According to media reports, on Tuesday local time, Trump attacked the Federal Reserve again at a rally in Michigan, claiming that "we have a Federal Reserve official who is not performing well." Although he did not name him directly, Trump was clearly referring to Federal Reserve Chairman Powell. He stated: "The Federal Reserve should not be criticized; he should make his own decisions, but I believe I understand interest rates better than he does." Earlier this month, Trump had publicly criticized Powell multiple times, urging the Federal Reserve to cut interest rates as soon as possible, even going so far as to say, "Powell should have been fired long ago." Despite stating a week ago that he had "no intention" of firing the Federal Reserve Chairman, this latest statement indicates that he does not plan to stop pressuring the Federal Reserve and Powell to push for rate cuts. Key economic data on Wednesday is an important guide for the Federal Reserve's May meeting It is worth noting that, aside from Powell, many other Federal Reserve officials have also urged patience and caution before making any interest rate decisions, due to the many uncertainties ahead. On Wednesday, the U.S. will release first-quarter GDP and March PCE inflation data, which will serve as an important reference before the Federal Reserve's next policy meeting on May 6-7. The core question facing investors now is: how will Trump's ongoing political pressure and the upcoming economic data affect the Federal Reserve's decision, and how will this tension impact future monetary policy and financial market performance?