Donald Trump Criticizes Jerome Powell, Urges Fed Rate Cuts
The post Donald Trump Criticizes Jerome Powell, Urges Fed Rate Cuts appeared on BitcoinEthereumNews.com. US President Donald Trump has taken swipes at Fed Chair Jerome Powell over a sluggish stance toward interest rate cuts. In his latest salvo, Trump labeled the Fed Chair as “too late Powell” amid heightened calls for the Fed to slash interest rates. Donald Trump Denounces Jerome Powell For Failing To Cut Interest Rates Amid the calls for the US Federal Reserve to cut interest rates, US President Donald Trump has waded in to criticize Fed Chair Jerome Powell. In a Truth Social post shared on X, Trump took swipes at Jerome Powell for dragging his feet over interest rate cuts. According to Trump, calls for rate cuts have reached deafening levels in the US, with a consensus forming on the issue. However, Donald Trump notes that Powell and the Fed appear poised to delay rate cuts, potentially harming economic progress. “The consensus of almost everybody is that the Fed should cut rates sooner, rather than later,” said Trump. “Too late Powell, a man legendary for being too late, will probably blow it again – But who knows?” Powell left interest rates unchanged at the last FOMC meeting in early May to the consternation of a broad spectrum of investors. The decision is the third by the Fed to keep interest rates unchanged, with Powell benchmarking interest rates at 4.25%-4%. Previously, speculation of Donald Trump removing Powell as Fed Chair over a failure to cut rates reached a crescendo. However, Trump branded Powell a fool for keeping interest rates unchanged despite improving economic metrics. Why Is Powell Keeping Interests Rates Unchanged? As the markets figure out the Fed’s decision to keep interest rates unchanged, several theories have gathered steam. In his FOMC speech, Powell blamed tariffs for unchanged interest rate cuts, noting that inflationary forces are still holding sway. The…
The post Donald Trump Criticizes Jerome Powell, Urges Fed Rate Cuts appeared on BitcoinEthereumNews.com.
US President Donald Trump has taken swipes at Fed Chair Jerome Powell over a sluggish stance toward interest rate cuts. In his latest salvo, Trump labeled the Fed Chair as “too late Powell” amid heightened calls for the Fed to slash interest rates. Donald Trump Denounces Jerome Powell For Failing To Cut Interest Rates Amid the calls for the US Federal Reserve to cut interest rates, US President Donald Trump has waded in to criticize Fed Chair Jerome Powell. In a Truth Social post shared on X, Trump took swipes at Jerome Powell for dragging his feet over interest rate cuts. According to Trump, calls for rate cuts have reached deafening levels in the US, with a consensus forming on the issue. However, Donald Trump notes that Powell and the Fed appear poised to delay rate cuts, potentially harming economic progress. “The consensus of almost everybody is that the Fed should cut rates sooner, rather than later,” said Trump. “Too late Powell, a man legendary for being too late, will probably blow it again – But who knows?” Powell left interest rates unchanged at the last FOMC meeting in early May to the consternation of a broad spectrum of investors. The decision is the third by the Fed to keep interest rates unchanged, with Powell benchmarking interest rates at 4.25%-4%. Previously, speculation of Donald Trump removing Powell as Fed Chair over a failure to cut rates reached a crescendo. However, Trump branded Powell a fool for keeping interest rates unchanged despite improving economic metrics. Why Is Powell Keeping Interests Rates Unchanged? As the markets figure out the Fed’s decision to keep interest rates unchanged, several theories have gathered steam. In his FOMC speech, Powell blamed tariffs for unchanged interest rate cuts, noting that inflationary forces are still holding sway. The…
What's Your Reaction?
