🔥 Economic battle in the U.S.! 🔥
🇺🇸 Trump attacks Jerome Powell, chairman of the Federal Reserve, with harsh comments and calls him “Too Late” after the central bank's decision to maintain interest rates between 4.25% and 4.5% 🚫🔻. Trump insists that the Fed should lower rates to prevent the U.S. from “paying the price” and to allow people to buy and refinance homes. However, Powell and the Federal Committee maintain their firm stance to control inflation amid uncertainty from the trade war and tariffs 📉📈.
📊 For the first time in more than 30 years, two governors voted against the decision to maintain interest rates, showing internal divisions. Trump has persistently pressured, even suggesting firing Powell, but the Fed's independence remains intact ✊🔒.
⏳ The market expects possible rate cuts for September, but the Fed insists on “wait and see” economic data before acting, safeguarding stability and long-term growth