#TrumpTariffs

Trump Urges Federal Reserve to Cut Interest Rates, Rules Out Firing Powell

According to a report by Odaily, former U.S. President Donald Trump has publicly called on the Federal Reserve to lower interest rates, emphasizing his economic stance ahead of the upcoming election season. Trump made it clear that he does not plan to remove Federal Reserve Chairman Jerome Powell from his position, despite previous tensions between the two during his presidency. Instead, Trump advocated for a more accommodative monetary policy, arguing that a 1% reduction in interest rates would significantly reduce the government's debt payments. He also pointed to the high levels of short-term debt currently held, stressing that lower interest rates would provide financial relief and long-term economic benefits. His remarks reflect a broader push for looser fiscal conditions amid ongoing concerns about borrowing costs and economic stability.