US EditionTrump: Fed Chair Powell should be dropping interest rates immediately
Trump urges an immediate rate cut to as low as 1% to combat rising energy-driven inflation and stimulate economic growth, ahead of the Fed's March 17 meeting.
- On Thursday, President Donald Trump demanded Federal Reserve Chair Jerome Powell cut interest rates immediately via Truth Social, writing, "Where is the Federal Reserve Chairman, Jerome 'Too Late' Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting."
- Trump's renewed demands intensify long-running tension between the White House and the Federal Reserve, an institution designed to operate independently; Trump, who nominated Powell in 2017, has campaigned for months to lower rates to 1% to stimulate growth.
- Ahead of the Federal Open Market Committee's March 17 meeting, the 12-member rate-setting panel will decide on policy while the current benchmark range stands at 3.50% to 3.75%, complicated by surging energy prices tied to conflict with Iran.
- Federal prosecutors opened a criminal investigation into Fed headquarters renovation costs, and Powell, in a rare video statement, called the probe "unprecedented," describing it as another salvo in Trump's pressure campaign on the central bank.
- With Powell's term ending May 15, Trump has nominated former Fed governor Kevin Warsh to succeed him, placing the chair's final months under intense scrutiny as the administration continues pushing for policy changes.
14 Articles
14 Articles
The president of the United States, Donald Trump, reiterated to the president of the Federal Reserve of the United States (Fed), Jerome Powell, to lower interest rates before the next meeting of the institution set for next week. Where is today the president of the Federal Reserve, Jerome Powell, who “came too late”? He should lower interest rates immediately, without waiting for the next meeting!”, said the White House tenant in a social media …
Fox Business
The New York LedgerTrump demands Powell cut rates as Iran conflict drives up energy prices
In what has become a now-familiar refrain, President Donald Trump on Thursday pressed Federal Reserve Chair Jerome Powell to cut interest rates immediately, rather than wait for the next policy meeting."Where is the Federal Reserve Chairman, Jerome "Too Late" Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting," Trump wrote in a Truth Social post using a mocking nickname for Powell. The comments com…
There are no two without three. Even less so for Donald Trump. The President of the United States has again charged this Thursday against the head of the United States Federal Reserve, Jerome Powell, who has demanded that interest rates be lowered "immediately." He is doing so in full swing of oil and gasoline prices because of the war in Iran initiated by his country and Israel. Trump has criticized Powell on numerous occasions, although on thi…
Trump Demands Immediate Rate Cuts, Scolds Fed Chair
President Donald Trump has renewed his pressure campaign on Federal Reserve Chair Jerome Powell, demanding the central bank reduce interest rates immediately rather than wait for its next scheduled policy meeting.
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