Powell's Dilemma: Data vs Politics

Title: 'Powell's Pivot'

Jerome Powell sat at his desk, staring at the latest inflation report. The numbers were stubborn—higher than expected. His phone buzzed. It was the White House. Again.

'We need lower rates before the election,' the voice on the other end said.

Powell sighed. The Fed was supposed to be independent, but politics always found a way in. He glanced at the framed photo on his desk—his father, a lawyer who had taught him the value of principles.

The next day, at the FOMC press conference, reporters leaned in. 'Will the Fed cut rates to boost growth?'

Powell adjusted his glasses. 'Our decisions are data-dependent, not calendar-dependent.'

The markets wobbled. Pundits screamed. But Powell held firm.

Later, at a quiet DC diner, an old friend smirked. 'You just made a lot of enemies.'

Powell sipped his coffee. 'And kept one important friend—the truth.'

The End.

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