The Fed made its first interest rate cuts last September and suspended interest rate cuts in January, but remains cautious about interest rate cuts.
In response, US President Donald Trump has pressured the Fed and Federal Reserve Chairman Jerome Powell to lower interest rates.
Trump spoke at the Chicago economic club last night, repeating Powell’s careful approach.
Sharing a post about his true social account, Trump called for a rate cut, citing the ECB as an example.
Trump targeted Powell, saying he didn’t want to work with her, implying that she should resign.
He said he did not approve of Powell’s leadership, and Trump insisted that the Fed should lower interest rates much faster. He also noted the urgency of replacing Powell.
“The ECB is expected to cut interest rates for the seventh time, but the Fed’s ‘too late’ Jerome Powell is always too late and wrong, but yesterday gave another typical, total ‘confusing’ speech.
Oil prices have fallen, food (and eggs too!) has fallen, and the US is gaining tariffs.
If it’s too late, the Fed should cut interest rates quite a bit, like the ECB. But they definitely should lower them. Powell’s end can’t come fast enough! ”
Powell’s response to Trump’s statement is awaiting enthusiastically.
*This is not investment advice.
