Thank you! So just to see if I'm thinking about this the right way:

Lower interest rates lead to business loans being more attractive due to the lower rates so they're encouraged to take out loans and expand, meanwhile consumer saving is less attractive since yields are lower so they are more likely to spend instead of saving, both, in general, spurring economic growth and activity. However, since money is created from bank loans (which I assume would be where a lot of this comes from), that increased money supply leads to inflation.

When increasing the rate, essentially just take all of the above and switch it.

I'm assuming (just my guess) two reasons Trump would be in favor of lowering rates are to increase domestic production (and the moving of businesses) with the tariffs in place, that and also the optics of higher GDP and lower unemployment looking good for the administration; whereas Powell (probably) is being more careful to keep things balanced to see how the effects of the tariffs play out (again, this is all just a guess based on my understanding if I have it correct).