Trump warns of economic slowdown unless Fed cuts rates
- President Donald Trump criticized Fed Chair Jerome Powell and called for lower interest rates to prevent economic slowdown, stating it is necessary 'NOW' to address inflation concerns.
- Many Wall Street firms and analysts foresee a recession in the U.S. Economy based on gross domestic product measures.
- Trump's claims included a statement that 'preemptive cuts' are being called for due to what he described as 'virtually No Inflation.'
- White House Economic Adviser Kevin Hassett mentioned that the administration is 'study' Trump's options for removing Powell.
72 Articles
72 Articles
Conflict over interest rate cuts: "A big loser" – Trump offends central bank chief and crashes stock exchanges again
The US President urges Prime Minister Powell to cut interest rates, but he sees inflationary risks due to the government's customs policy. Trump does not want to accept this, thinks about a dismissal of Powell and now succumbs to insults. In the financial market, this causes turmoil and horror.
Markets tumble as Trump calls for ‘loser’ Fed chair to lower interest rates
U.S. Stock markets opened the day down and then fell further after U.S. President Donald Trump said Federal Reserve Chair Jerome Powell is a “major loser.” Trump said there’s a chance the U.S. economy will slow down if Powell doesn’t act soon to lower interest rates, which remain high as the central bank attempts to mitigate ongoing inflation seen since the end of the COVID-19 pandemic. The president proclaimed on Monday that “preemptive cuts” i…
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