'Trump’s strategy with the Fed, as with tariffs, is like boiling a frog: moving gradually enough to lull markets into thinking nothing of macroeconomic significance has happened. When he announced steep tariffs in early April, markets revolted, so he walked them back. Then, piece by piece, he restored most of them, and markets took it in stride.

Similarly, when he mused about firing Powell last month, markets were roiled. So instead of trying to remove Powell, Trump has looked for a way to accomplish the same thing. If he replaces Cook, he will have appointed four of the Fed’s seven governors.

“We’ll have a majority very shortly. Once we have a majority, housing is gonna swing and it’s gonna be great,” Trump said Tuesday.' Greg Ip WSJ

The wests leadership right to the top is corrupt and blatantly misusing fiat monetary leverage to inflate asset prices and create false wealth to compensate for its lack of real productive wealth creation capacity. This is how empires decline.