US EditionTrump Pushes Fed To Slash Interest Rates To 1%, Sparking Inflation Fears
UNITED STATES, JUL 14 – Trump demands Federal Reserve cut interest rates below 1% and criticizes $700 million renovation costs at the Fed headquarters, calling Chairman Powell's management "terrible."
- President Donald Trump is urging the Federal Reserve to lower the benchmark interest rate to around 1% in order to reduce borrowing expenses and encourage economic growth.
- Trump's push follows his growing frustration with Fed Chair Jerome Powell, whose term ends next May, and reports consider Kevin Hassett as a potential successor.
- Economists and business leaders warn that slashing rates so aggressively could destabilize the economy, reignite inflation, and undermine the Fed’s independence.
- Trump expressed strong disapproval of Powell, hoping he steps down, while OMB Director Russell Vought criticized Powell's leadership and the expensive renovations of the Federal Reserve's headquarters.
- These tensions raise concerns that politicizing Fed leadership and policy decisions could damage market confidence and cause long-term economic harm.
17 Articles
17 Articles
Peter Navarro to Newsmax: Fed Board Must Cut Interest Rates Now
White House senior counselor Peter Navarro appeared on Newsmax on Tuesday, calling for the Federal Reserve's Board of Governors to bypass Chair Jerome Powell and vote independently to lower interest rates, accusing Powell of repeated policy failures that he said have consistently harmed the U.S. economy. Navarro, senior counselor for trade and manufacturing, said the U.S. is falling behind global economic trends and warning of a return to 1970s-…
‘Immediate disaster’ looms if Trump makes good on illegal threat: Editorial
The Washington Post editorial board slammed President Donald Trump on Tuesday for his escalating attacks against Federal Reserve Chairman Jerome Powell — whom he originally appointed — for not following his demands to lower interest rates as inflation begins to tick back up again."For months, Trump has demanded that the Fed lower interest rates, with no success," wrote the board. "Now, the administration’s attacks on Chair Jerome H. Powell are e…
Trump calls Fed Chair Powell a 'knucklehead,' says interest rates should be below 1%
President Donald Trump on Monday slammed Federal Reserve Chairman Jerome Powell over his decision not to lower interest rates."We have a bad Fed chairman, really bad," Trump said at the White House. "If he would lower the rates, if he would lower the rates. And I tried being nice to the guy. It doesn't help. He's like a knucklehead. Oh, he's a knucklehead, a stupid guy. He really is."Trump also said he believes interest rates should be below 1%.…
Trump says Federal Reserve should lower interest rates by 3 points
President Donald Trump on Tuesday said consumer prices are lower and that the Federal Reserve should lower interest rates. “Consumer Prices LOW. Bring down the Fed Rate, NOW!!!” Trump said in a post on Truth Social. The president said in a separate post that the central bank should lower rates by three points. “Fed should cut Rates by 3 Points. Very Low Inflation. One Trillion Dollars a year would be saved!!!” he wrote. Trump’s posts came the sa…
Coverage Details
Bias Distribution
- 67% of the sources lean Right
To view factuality data please Upgrade to Premium
