Now, let me briefly explain why Powell only cut rates by 25 basis points and why Trump frequently accuses him of incompetence. Jerome Powell's term as Federal Reserve Chairman expires in May 2026. However, he will remain a member of the Federal Reserve Board of Governors until January 31, 2028. Because Powell's term is nearing its end, he has no intention of cutting rates excessively or frequently. Until recently, the US economic situation had only just begun to decline, and he failed to shoulder the responsibility of taking bold economic action. Could he have done a better job? Perhaps, but who am I to say that? What is certain, however, is that the geopolitical and economic maneuvering Trump has initiated creates the conditions for further rate cuts to make his policies more powerful, not only to demonstrate to voters how the market is performing, but also to demonstrate to them how the market is performing. So, is Powell's negative reputation simply because he delayed rate cuts? Clearly not; Powell's delay could also be a way of contradicting Trump's policies, which he himself views negatively. Furthermore, if Powell remains on the Fed Board, he will hold decisive influence in the future, and Trump's smear campaign is precisely aimed at damaging his reputation and isolating him by removing as many people from the Fed as possible. Remember: Trump wants to dismantle the Fed and render it powerless. That is his goal.