Why does the BATTLE continue between Trump and Powell⁉️
🗣Trump 20 minutes ago: The president of the Federal Reserve, Powell, always arrives "late" to cut rates, "Cut the interest rates, Jerome, and stop playing politics!"
🗣Powell in the statements: "It seems we do not need to rush" regarding interest rate cuts. It's too early" to determine the appropriate monetary policy trajectory."
👉Trump is applying TARIFFS, dragging down the ECONOMY and the STOCKS to push the FED to CUT the interest rate. DANGEROUS if he fails
What does the market think⁉️
▪️Interest rate futures now see FOUR CONSECUTIVE CUTS (June, July, September, and October)
▪️The odds of a CUT in May SHOT UP from 21% yesterday to a current 46%
▪️Despite investors anticipating more rate cuts, Powell says he is willing to wait.
What else did Powell say⁉️
▪️"The tariffs are higher than expected and risk causing greater inflation and slower growth"
▪️"The Fed is well positioned to "wait for greater clarity"
▪️"The tariffs could have a lasting impact on inflation"
▪️"It must be ensured that price increases do not lead to ongoing inflation."
📍Trump wants a lower interest rate so that refinancing the $9T of debt maturing this year is less costly
📍Additionally, it helps him to WEAKEN the DOLLAR and achieve his goal of being more competitive globally
📍Powell's view does NOT align with Trump's requests, POSSIBLY for POLITICAL reasons
Is Trump right to pressure the FED and Powell in this way⁉️
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