President Trump's visit to Detroit sparks attention to the US economy and his ongoing feud with Federal Reserve Chair Jerome Powell. Trump's tour of a Ford production plant coincides with the carmaker's scaled-back electric vehicle plans and the Trump administration's rollback of incentives and regulations. The president's comments on the USMCA trilateral trade deal and his desire to build cars domestically have sparked controversy. Trump's speech at the Detroit Economic Club is expected to address the economy, with a focus on the automotive industry's rebirth and the ongoing investigation into Powell's testimony. The US economy is showing solid momentum, but cracks are emerging, with higher-income households spending freely while lower and middle-income Americans face price increases. Trump's criticism of Powell and his personal attacks on the Fed chair have intensified, with the president questioning his competence and even suggesting he is 'crooked'. The investigation into Powell's testimony has raised concerns about the independence of the Fed and its ability to set interest rates based on evidence and economic conditions. As Trump arrives in Michigan, the focus is on the economy, with potential discussions on Venezuela, Iran, and the recent immigration-related shooting in Minnesota.
