In an article on the Truth Society, Trump has no evidence that many people are asking for “preemptive cuts” because the economy is facing what he calls “little no inflation.”
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“The economy is likely to slow down now unless it’s too late, and it’s a major loser, and now lowers interest rates,” Trump said.
Many people have asked for “lower interest rates.” Reduce energy costs, food prices (including Biden’s egg disaster!), most other “things” are lowered, there is no inflation, and there is actually no inflation. These costs are downward trends so good that I expect they will do almost no inflation, otherwise Europe may be slow, otherwise Europe will be slow. Powell lowered seven times.
Trump criticizes Powell
Although Trump has long criticized Powell’s appointment in his first term, the president’s complaints have intensified in recent days due to the major market reactions shocked by his tariffs.Please read also: Did Trump share fake photos of Kilmar Abrego Garcia’s MS-13 tattoo? This is a shocking fact
Trump said in a press conference Thursday that Jerome Powell “should lower interest rates” because the European Central Bank lowered the interest rates, adding: “I’m not happy with him – I let him know. If I want him out, he’ll be there soon. Trust me.”
Powell said he intends to serve as his remaining term as Fed chairman, and the reserve will end on May 15, 2026.
The day after November’s election day, Powell was asked whether the president has the right to fire or devalue him and whether the Fed determines the legitimacy of demoting other federal governors to leadership positions, and Powell held a press conference after the November election.
“It is not allowed by law,” Powell said, adding that he would not resign for Trump’s request.
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Trump’s repeated criticism of Powell and the Fed has attracted attention to the long-term independence of the Fed’s monetary policy decisions.
Global stocks performed well on Monday as gold soared to a new record on Monday, amid an aggressive tariff strategy on President Donald Trump and his continued focus on the Fed’s tension. Trading activity remains soft as several global markets remain closed during the Easter holiday.
But, a critical week before expectations began on the premise of economic data issuance, which may reveal the consequences of ongoing U.S. trade disputes. Amid this turbulent backdrop, the state scrambles to negotiate with Washington in a bid to mitigate the blow to the White House’s grand tariffs. Japan has become a key player in these negotiations, while South Korea announced that its finance and trade ministers will hold senior talks in Washington this week.
