“he has been saying “the economy is strong, so the Fed should cut rates.””
GDP in 2Q was 3% which is pretty good. No surprise that Fed didn’t cut rates due to their usual concern about overheating and inflation etc.
Given today’s revisions, though, it seems likely Q2 will be revised lower. I’m not saying the Fed shouldn’t ease, but until today I think the case was not really clear. Now seeing the impact of the tariff policies on growth they probably will cut a bit at the next meeting.