Recently, an unexpected meeting has attracted widespread attention in the political and economic circles of Washington. Trump visited the Fed headquarters without prior notice and had an informal discussion with Fed Chairman Powell. This sudden visit was akin to a surprise inspection by a boss, leading to much speculation about the direction of their relationship.

Surprisingly, after the talks, Trump changed his previous critical stance towards the Fed and told the media that he had a 'warm conversation' with Powell. Such an evaluation inevitably reminds one of the praise Trump gave when he nominated Powell to be the chairman of the Fed in 2017. However, over the past four years, Trump's criticisms of the Fed's decisions have been unrelenting, often marked by sharp words.

When asked whether he was considering replacing the Fed chairman, Trump cleverly dodged a direct answer, only mentioning that the process of changing candidates is cumbersome. However, he later revealed that both sides discussed 'exciting interest rate prospects,' which seems to imply Trump's expectations for rate cuts. As a politician who values economic performance, Trump clearly hopes to leverage strong stock market performance to enhance his position in the upcoming election.

However, in the face of Trump's change in attitude, Powell still maintained his usual caution and independence. As the Fed chair who has experienced multiple political pressures, Powell seems to have become accustomed to dealing with various forms of influence and intervention.

As the election season approaches, economic policy will undoubtedly become a key topic. If market fluctuations occur, it cannot be ruled out that Trump will once again direct his criticism at the Fed. This struggle surrounding monetary policy and political interests is like a real-life version of 'Game of Thrones', and its developments are worth our continued follow.