The completely political hack Powell, has played his hand. This will set the stage and provide the legal basis for his future dismissal, for cause.  Dereliction of duty. If he feels so strongly that he is correct in sitting on his hands while all the economic indicators show a slowdown, not just the economy(forget the numbers skewed by the rush to get ahead of the tariffs) but also inflation is slowing, then he should resign, since Bessent is now doing his job for him.                                                                                                                                                                                                                                                                                                                                                                                                  The good thing Powell is doing by staying and screwing the pooch, is discrediting the FED even more than it’s predecessors over the 100+ years it has been in existence. The FED cannot be ended soon enough.                                                                                                                                                     https://www.zerohedge.com/markets/its-treasury-vs-fed-fed-sidelined-bessent-unleashes-record-10-billion-bond-buyback