Stocks showed little movement following the Federal Reserve’s decision to maintain interest rates at current levels, although Chair Jerome Powell warned that rate cuts could still be possible later this year.

The Fed, helmed by Chair Jerome Powell, is expected to hold rates steady this month despite pressure from President Donald Trump to make cuts.

So, why is the Federal Reserve fighting the blue-collar paycheck boom? That is the subject of the riff. Before we get to Fed head J. Powell’s gobbledygook—and why President Trump is right and Powell is wrong about interest rates—first,