After Powell's first public appearance this week, he did not respond to the Trump team's attacks. My conclusion at the time was that not responding is the best response, maintaining a tough stance. Many people didn't understand it then, but looking at Trump's actions now, it's clear! It shows that Bessent stated he meets with Powell for breakfast every day, indicating a friendly relationship between the two, or suggesting that the Trump team has been in communication with Powell. Secondly, Trump's visit to the Federal Reserve today is a friendly signal to Powell, Trump: "I’ve given you an opportunity, let’s have a good talk?" From a god's-eye view, doesn't this align again with Trump's "negotiation skills"? Just like tariffs, first comes a big tariff stick, then gradually easing up to show goodwill, in exchange for his own conditions. The same goes for Powell, showing a massive attack, applying pressure, and then lowering his stance to show goodwill, all to make Powell soften up. Of course, Master Powell really didn’t fall for this, forcing Trump to TOAC again. In fact, this also supports the two points I mentioned earlier: 1. Trump has no real effective checks on Powell, and Powell himself should have the confidence to assert that he is "clean," so Trump has no good reason to sanction or impeach Powell. 2. As long as Powell withstands this wave of attacks, his own pressure will greatly decrease. Originally, I expected the pressure to ease only after July 30, but Trump clearly doesn’t want to sit idly by and has taken action directly. New speculation: Trump's rapid change in attitude shows that he genuinely wants Powell to ease the interest rate environment, so at this point, he can't worry about face or reputation, directly sending friendly signals to Powell. In simple terms, if being tough doesn’t work, then he’ll try being soft. However, I feel that Master Powell seems to be impervious to both soft and hard approaches, and if Trump’s goodwill doesn’t yield results in a few days, he might still end up criticizing Powell again. Powell's real safe period will have to wait until after the interest rate meeting on July 30.