The Fed raised interest rates too late. It allowed inflation to soar to 9.5%. This rate cut was too late. The US stock market will die for Powell. In fact, the market is much more stable now that the rate cut was made the day before yesterday. Unfortunately, Powell is a conservative who starts the fire first and then puts it out. He is not the kind of person who predicts the market and takes precautions in advance. But such people can get along well in the workplace because it seems important. If the fire is put out successfully, it is his credit. If the fire is not put out, everyone will take the blame.