The FED, which made its first interest rate cut last September and paused interest rate cuts in January, continues to be cautious about interest rate cuts.
In response, US President Donald Trump is pressuring the FED and FED Chairman Jerome Powell to lower interest rates.
Trump took action after Powell, speaking at the Economic Club of Chicago last night, reiterated that they would continue their cautious approach.
Trump, who shared a post on his Truth Social account, called for a rate cut and cited the ECB as an example.
Trump took aim at Powell, stating that he did not want to work with her and implied that she should resign.
Stating that he did not approve of Powell’s leadership, Trump argued that the Fed should have lowered interest rates much sooner. He also noted the urgency of Powell’s replacement.
“The ECB is expected to cut interest rates for the 7th time and yet, the FED’s “Too Late” Jerome Powell, who is always TOO LATE AND WRONG, gave another and typical, complete “mess” speech yesterday.
Oil prices are down, groceries (even eggs!) are down, and the US is getting richer with TARIFFS.
Too Late, the Fed, like the ECB, should have lowered interest rates long ago. But they should definitely lower them now. Powell’s end can’t come fast enough!”
Powell’s response to Trump’s statement is eagerly awaited.
*This is not investment advice.
