US President Donald Trump has once again criticized Federal Reserve Chairman Jerome Powell, calling for "preemptive cuts" in interest rates.
Trump argued that with energy costs and food prices—highlighted by the recent egg price drop—falling significantly, inflation is virtually nonexistent.
“Preemptive Cuts” in Interest Rates are being called for by many. With Energy Costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other “things” trending down, there is virtually No Inflation," he posted on his Truth Social account.
Trump noted that Europe has cut rates seven times, while Powell has been "too late" in acting — expect during the election period, when Trump claims rate cuts were made to help President Biden. "How did that work out?" he questioned.
"Powell has always been “Too Late,” except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?" he further added.
The ongoing friction between President Donald Trump and Federal Reserve Chairman Jerome Powell has resurfaced amid growing economic uncertainty.
As Trump’s aggressive tariff policies stirred global markets, the White House and the Federal Reserve appeared increasingly at odds. While Trump issued a 90-day tariff, Fed Chair Powell expressed concern, warning that the escalating trade tensions could weaken the U.S. economy by driving up inflation and slowing growth.
Trump, in turn, fired back, sharply criticizing Powell’s stance and even suggesting he should be removed from his post.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
