US President Donald Trump expressed dissatisfaction with the actions of the Federal Reserve (Fed) and called for rate cuts following comments from Jerome Powell.
Trump's Demands on the Fed
In response to the Fed’s delay in cutting interest rates, Donald Trump is calling for more decisive action. He has been in conflict with Fed Chair Jerome Powell, who recently reaffirmed a cautious stance on rate cuts.
Statements from Fed Chair
At a meeting with the Economic Club of Chicago, Powell stated that the Fed would continue to pursue its cautious strategy. He emphasized the need for careful analysis of economic conditions before making decisions on rate decreases.
Reactions and Expectations
Trump took to his Truth Social account to sharply criticize Powell, citing the actions of the European Central Bank as a model. He stated the Fed should have lowered rates much earlier and that 'confidence in Powell is running out'. Powell's response to these statements is eagerly anticipated.
Trump's call for Fed rate cuts underscores the current tension between political figures and the Federal Reserve. Public expectations regarding changes in monetary policy remain high.
