Trump calls the Federal Reserve's 'Mr. Too Late' a disaster, the appointment result of the new Federal Reserve chairman will be announced soon
On June 6 local time, Trump stated in an interview with reporters that the appointment result of the next Federal Reserve chairman will be announced soon, and he has a fairly clear understanding of the candidates.
Trump posted on social media that the Federal Reserve's 'Mr. Too Late' is a disaster. Europe has cut interest rates 10 times, while the United States has not done so even once. Trump stated that Federal Reserve Chairman Powell should lower interest rates by a full percentage point. If the Federal Reserve cuts interest rates, the US can significantly reduce both long-term and short-term debt rates. Trump noted that inflation is almost nonexistent, and if inflation returns, then raise interest rates to respond.
Previously, Trump frequently criticized Powell on social media for the Federal Reserve not lowering interest rates as he requested, even threatening to dismiss him, which heightened market concerns about the Federal Reserve's ability to maintain decision-making independence. On May 29, Trump met with Powell at the White House, where the White House stated that Trump urged the Federal Reserve to cut interest rates, while the Federal Reserve stated that Powell insists on independently formulating monetary policy.
Powell stated that the Federal Reserve will not yield to political pressure, and in light of the complex economic situation brought about by the recent tariff policies of the Trump administration, the Federal Reserve will focus on combating inflation.
On June 6 local time, Trump stated in an interview with reporters that the appointment result of the next Federal Reserve chairman will be announced soon, and he has a fairly clear understanding of the candidates.
Trump posted on social media that the Federal Reserve's 'Mr. Too Late' is a disaster. Europe has cut interest rates 10 times, while the United States has not done so even once. Trump stated that Federal Reserve Chairman Powell should lower interest rates by a full percentage point. If the Federal Reserve cuts interest rates, the US can significantly reduce both long-term and short-term debt rates. Trump noted that inflation is almost nonexistent, and if inflation returns, then raise interest rates to respond.
Previously, Trump frequently criticized Powell on social media for the Federal Reserve not lowering interest rates as he requested, even threatening to dismiss him, which heightened market concerns about the Federal Reserve's ability to maintain decision-making independence. On May 29, Trump met with Powell at the White House, where the White House stated that Trump urged the Federal Reserve to cut interest rates, while the Federal Reserve stated that Powell insists on independently formulating monetary policy.
Powell stated that the Federal Reserve will not yield to political pressure, and in light of the complex economic situation brought about by the recent tariff policies of the Trump administration, the Federal Reserve will focus on combating inflation.
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