Certainly, here is the article rewritten in the third person with a neutral, professional tone:
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According to sources, President Trump recently had a frank meeting with Federal Reserve Chairman Jerome Powell in the Oval Office. President Trump is advocating for the Federal Reserve to lower its target interest rate, while Chairman Powell has so far resisted any policy adjustments. Analysts suggest that Trump’s stance may have merit.
The latest inflation data indicates that the personal consumption expenditures (PCE) deflator, the Federal Reserve’s preferred measure, has increased by only 2.1% annually over the past three months, matching the 12-month rate. With the Federal Reserve’s target set at 2%, this could imply that the Fed’s previous substantial rate cut, implemented over six months ago when inflation was higher, may warrant reconsideration. Commodity prices have also softened significantly, supporting the President’s view.
Furthermore, the money supply has been robust for some time. President Trump’s tariff negotiations to secure reciprocal free and fair trade, along with efforts to open international markets for American exports, have been temporarily stalled. This pause results from judicial decisions perceived as obstacles to the administration’s trade policies. Trump has been actively challenging unfair trade practices.
The global trading system faces longstanding challenges, particularly from significant partners like China with substantial trade barriers. Recent judicial rulings have impacted President Trump’s efforts to leverage American influence to create a fair trading environment, essential for promoting prosperity, especially for his working-class supporters. Both monetary policymakers at the Federal Reserve and various activist judges present challenges to Trump’s agenda, despite his electoral mandate to implement changes.
President Trump aspires to achieve a “golden age” of economic growth similar to that of Ronald Reagan, aiming for widespread prosperity. Regardless of any challenges, President Trump remains committed to pursuing his vision for American economic strength, reminiscent of Reagan’s legacy.
