From the current situation, the probability of Powell completing the last eight months is the highest. Personally, from an observer's perspective, I don't think Powell has done anything wrong; in fact, I think he is more conservative compared to his learning object, Paul Volcker.

However, from a different standpoint, Trump's big beautiful plan itself has increased fiscal spending. Although tariffs can bring in revenue, they also have an impact on the risk market. The best balance point would be for the Federal Reserve to cut interest rates, which can save on the revenue from new bond issues and stimulate market liquidity.

Trump's current approach is that even though I can't fire you, I can keep making you uncomfortable. I can make the whole of America believe that you are the sinner obstructing the country's development, engaging in a war of words to force you to resign. If you resign, that's my victory; if you don't resign, I can still throw dirt on you.

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