Epic confrontation! Trump angrily criticizes the Federal Reserve as "utterly foolish" - the last hurdle before a surge in the crypto market
I really can't believe it! Trump's remark that "Powell is an idiot" may be harsh, but given the current situation, inflation has dropped to the floor, tariffs are temporarily shelved, and even the battlefield has calmed down, why is the Federal Reserve still stubbornly refusing to cut interest rates? Isn't this clearly treating the national economy as a joke?
Now is the perfect time for interest rate cuts! With inflation pressure gone, the trade war on hold, and geopolitical conflicts cooling down, if they don’t loosen the purse strings now, are they really waiting for the economy to cool down before crying? If Powell continues to hold his ground just to spite Trump, that would truly be foolish!
The livelihoods of ordinary people and the lifeblood of businesses are all tied to this interest rate rope; the people at the Federal Reserve shouldn't be foolish and shouldn't drag the entire global economy down over personal grudges!
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