Core Viewpoint - The ongoing conflict between former President Trump and Federal Reserve Chairman Powell has intensified following the Fed's decision to maintain interest rates, which Trump had hoped would be lowered to stimulate the economy [3][4]. Group 1: Federal Reserve's Decision - The Federal Reserve announced on July 30 that it would keep the federal funds rate target range unchanged at 4.25% to 4.50%, marking the fifth consecutive meeting where rates were held steady [3]. - The decision was made despite Trump's repeated calls for significant rate cuts to counteract inflation caused by his own tariff policies [3][4]. Group 2: Trump's Criticism - Trump publicly criticized Powell, labeling him as "too angry, too stupid, and too politicized," and suggested that he is unfit for the role of Fed Chairman [3]. - He referred to Powell as "Mr. Too Late," accusing him of being slow to act and causing the U.S. to lose trillions of dollars [3]. - Trump also condemned the renovation project of the Fed's headquarters, calling it the "most incompetent and corrupt" renovation in history [3]. Group 3: Implications for Economic Policy - The clash between Trump and Powell highlights the power struggle between the U.S. government and the Federal Reserve, raising concerns among global investors regarding the direction of U.S. economic policy [4]. - Powell has maintained the Fed's independence, emphasizing that monetary policy adjustments should be based on comprehensive economic and inflation data [4].