Can Trumpneng fire Powell, the chairman of the Federal Reserve? 🔺 In theory, it's possible. It's not difficult to find a loophole in the law, especially for Mr. Chuan who doesn't follow the rules. But this can only exist in theory, as the Federal Reserve Chairman is also a virtual position. Now it's: Trump says Powell can't do it, and Powell says you're stupid. His opinions and statements may influence the market, but his power comes more from his management of the seven directors or his influence on the entire financial industry through the directors. And for these directors to willingly bow down and obey, the chairman must have considerable professional ethics and abilities, after all, those who can become directors are successful bankers and financial experts. So Trump could have fired Powell, but the people he can nominate either continue to ignore him or obey him but cannot command the directors. Then all the directors supported Powell, and Trump's own finance minister did not support the dismissal of Powell. 🔺 02. Trump vs Powell, the big drama begins! Powell publicly stated that he will anchor inflation and will not easily cut interest rates, and also expressed concerns about the tariff war. This has directly offended Trump, even made Trump angry. The White House has requested that the Securities Regulatory Commission, the Futures Commission, and a number of other relatively independent financial regulators in the United States should follow the Sichuan ordinary gas before releasing any policies later. It is conceivable that Powell's recent hawkish speech definitely blew Trump's lungs. So now, other financial regulatory units around the Federal Reserve are required to abandon independence first and focus on "respecting the king and resisting foreigners", tightly surrounding the great man (understanding the king). Obviously, Trump first divided the cooperation between the Federal Reserve and other institutions, weakened the authority of the Federal Reserve, and paved the way for Trump to change the internal ecology of the Federal Reserve in the future. From the perspective of Trump, the national economy has long been in a serious state of emergency. The scale of high treasury bond, high interest rates, and a large number of short-term debts that are about to expire are still fighting a tariff war to harvest the world. Now facing the dissatisfaction of other overseas economies, the Federal Reserve should take the lead and cooperate with itself. The most perfect cooperation is that Trump has killed many people overseas and the Federal Reserve has stabilized the financial market at home. Only through deep cooperation between the two can the "great cause" of foreign money in tariff war have a solid foundation. Therefore, Trump said that Powell was "playing politics", based on this understanding. Essentially, accusing Powell is supporting the Democratic Party's conspiracy to overthrow MAGA. However, Powell also has his own difficulties. Don't be fooled by the stagflation caused by the tariff war, it will definitely soar in a few months. If the Federal Reserve cuts interest rates now, it will be transmitted to the real economy for about three months. At that time, the two forces of tariff war and interest rate cuts will work together, and the current wave of stagflation in the United States may be on par with the 1970s. In the future, if Powell leaves office and Congress holds him accountable, will he still have a good ending? Take the lesser of the two harms, even if Powell wants to cooperate, he dare not. So, in this place, Powell and Trump had direct differences of interest and got stuck with each other. It can be said that the gods are fighting, and the asset market is suffering.