The Federal Reserve is starting to face pressures from the trade war and it's obsession with preventing markets from any correction. Jerome Powell likely facing political pressure stated:
We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion, with a strong labor market and inflation near our symmetric 2 percent objective.
Powell was appointed by Trump and is likely facing pressure to restart quantitative easing and cutting rates. I believe this is happening because in the short term it