The Federal Reserve cut interest rates by 25 basis points this time, with the rate range falling within 3.50%-3.75%. The market had already priced in this expectation, so there was no big reaction.

The more interesting part is outside the market — Trump has fired again. The old man directly criticized Powell for being too conservative, feeling that this small cut is not enough at all; it should be at least doubled to be meaningful.

Thinking of his recent frequent signals about adjusting the Federal Reserve's personnel structure, this statement seems more like a prelude to a leadership change. After enough criticism, actions are probably coming soon.

Will the new chairperson be able to generate another round of market movement? Stay tuned.