Trump recently complained that Powell "doesn't love me!"
On Saturday (May 17), local time, U.S. President Trump posted on his social platform "Truth Social": "The consensus among almost everyone is that 'the Federal Reserve should cut interest rates sooner rather than later.' 'Always tardy Powell' — this person known for his slow actions may mess everything up again, who knows?"
According to the schedule, next week, several key officials from the Federal Reserve will deliver speeches, including Federal Reserve Vice Chairman Jefferson and New York Federal Reserve President Williams, who may respond to Trump's interest rate cut suggestion.
On May 7, local time, the Federal Reserve announced for the third time that it would pause interest rate cuts, keeping the rate unchanged in the range of 4.25% to 4.50%.
Subsequently, Trump stated that interest rate cuts are like "jet fuel" for the economy, but Powell does not want to fuel the U.S. economy. He also complained that Powell "doesn't love me."
After that, on the 13th, Trump once again called out to Powell, asking him to "cut rates like Europe."
From a series of signs, the variables for interest rate cuts by the Federal Reserve are increasing. Analysts believe that the uncertainty of U.S. trade policies continues to disrupt the economy. For the Federal Reserve, in the current situation of high uncertainty regarding the economic outlook, "waiting" may still be the main theme of the Federal Reserve's monetary policy at this stage. 点击进入币安直播间
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