I heard a bold statement: Powell knows the economy is bad, and once he lowers interest rates, there will be a triple kill of the dollar, U.S. bonds, and U.S. stocks. Powell is not acting for independence, but for himself; the U.S. economy is currently in poor shape. What do you think?

To add: I do not agree with this viewpoint. I can debate with anyone on the point that the U.S. economy is poor. Additionally, many people overlook basic economic principles: in the absence of supply-side shocks, inflation is a byproduct of an overheated economy.