As the end of July approaches, anticipation grows over the upcoming Federal Reserve meeting. Donald Trump insists on the need for rate cuts, citing economic troubles.
Call for Fed Rate Cuts
Donald Trump has repeatedly expressed the urgency of lowering interest rates by the Federal Reserve (Fed). He points to delays in this matter as negatively impacting the U.S. economy, which is suffering from high inflation.
Trump's Criticism of Jerome Powell
Trump often criticizes Fed Chairman Jerome Powell, stating that high interest rates adversely affect the housing market and lead to economic losses in the country. He argues that the Fed must act more decisively:
> "The housing sector in our country lags because of Jerome ‘Too Late’ Powell’s refusal to lower interest rates. Families suffer due to high rates, and ‘Too Late’ is causing our nation to pay more than necessary. Our rates need to be three points lower, saving us a trillion dollars annually. This stubborn man at the Fed fails to understand—he never has, and never will. The Board must act, but they lack the courage!" CITE_W_A
Comment on the Deal with Japan
In a related discussion, Trump commented on a newly announced deal with Japan, stating that the country is opening up its markets to U.S. goods, including cars and military equipment:
> "Remember, for the first time, Japan is OPENING UP its MARKET to the U.S., including cars, SUVs, trucks, and more. An open market in Japan can be as profitable as tariffs, thanks to tariff power. They also agreed to buy billions in military and other equipment and give us 90% of $550 billion—and more! MAGA!!!" CITE_W_A
Trump continues to actively advocate for Fed rate cuts, asserting that it is necessary to improve the economic situation in the country. His criticism of the Fed chairman and announcements about deals with Japan underline his desire for changes in economic policy.
