There has been a lot of news this month, to the point that most economy-related issues have been sidelined.

Gold and silver have surged so much that they are barely getting attention, as the context was that this was going to happen. But the relative value of the dollar has declined rapidly, even falling in relation to other currencies.

Jerome Powell is going to be removed, and a major investigation is being conducted on him to lower interest rates. He has been under pressure.

He is stuck between interest rates and jobs, and both are very bad. Easing one hurts the other.

We are seeing real weakness in the dollar, which risks higher inflation. On the other hand, interest rates are being asked to be lowered.

On this very specific question, Trump said, “We need lower interest rates. No one gets rich when they are high.”

The consumer confidence index has hit its lows, lows that could be worse than during COVID.

Keep in mind, everything was shut down during COVID. Many families were devastated. People are less confident now than at the beginning of 2020.

So what does the chair do? He does nothing. He is preparing to head out. He does not want to feed into pressure to lower interest rates.

Trump is thrilled about this and is probably going to praise the chair in his Truth Social post.