Trump blasts Powell, demands Fed rate cuts
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President Trump criticized Federal Reserve Chairman Jerome Powell for not lowering interest rates, contrasting the Fed's actions with the European Central Bank's rate cuts. Trump called Powell "always too late and wrong," wishing for his termination. This follows Powell's warning that Trump's tariffs could increase inflation, making rate cuts less likely. Trump's trade policies have caused global economic uncertainty, with the World Trade Organization predicting a decline in international trade. Despite Trump's calls for lower rates, the Fed has kept interest rates steady.
President Trump criticized Federal Reserve Chairman Jerome Powell for not lowering interest rates, contrasting the Fed's actions with the European Central Bank's rate cuts. Trump called Powell "always too late and wrong," wishing for his termination. This follows Powell's warning that Trump's tariffs could increase inflation, making rate cuts less likely. Trump's trade policies have caused global economic uncertainty, with the World Trade Organization predicting a decline in international trade. Despite Trump's calls for lower rates, the Fed has kept interest rates steady.
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