Trump gave himself maximum negotiating leverage, US Treasury secretary explains (youtube.com)
Recently Trump said that now would be a good time to cut rates, if he were Powell. Powell on an interview calmly said he's in no rush. They have to see what plays out. Asked, he said he wouldn't comment on anything said by any elected official.
Powell said that if both inflation goes up and unemployment goes up, they will look at both and which ever is further from their goal, and considering time and how it might come back to target, they will act on that one.