US is a country of separation of 3 powers, namely executive, legislative and judiciary powers. However, in the recent week, it is shown that they still have the 4th power, which is from the Federal Reserve and Wall Street.
The chairman of Federal Reserve is not a subordinate of the president and is independent. The aim is to ensure he can guard the US dollar no matter who is the president. Rate decision is not just made by him but by members of the FOMC, they all have to be passed by Congress for nomination. However, the chairman has the right to cast the last vote when voting is in a deadlock. The aim of Federal Reserve is to fight against inflation and for recent decade added one more function which is against unemployment also. But above all, one more untold function is to maintain the international status of US dollar and make the most demandable currency in the world.
Since Donald Trump took office in the second term, US dollar fell deeply, stock market fell suddenly, and bond market fell greatly. Wall Street tycoons complained Donald Trump seriously. They requested Trump to cancel or lessen the pressure on tariff. If it is in country of dictatorship, no one can complain the leader, he simply diverts the responsibility to another country and let people dislike and hate another country and thus can solve the problem easily. But Trump has to face the midterm election, he is also trying to run for the third term even the chance is not so great. The 4th Power from Wall Street and Federal Reserve can make him change his mind.
Or we can say merchants from top capitalization of the world are all giving pressure to Trump, let’s see how he handles it. So is there any 5th Power? Sure! It will be humanoid robot from Silicon Valley, for in 2040, humanoid robots on earth will be more than human beings.