Trump believes that Fed Chairman Powell is acting too slowly and needs to cut interest rates immediately.
He also emphasized that he is considering launching a major lawsuit against Chairman Powell to exert pressure on monetary policy.
MAIN CONTENT
Trump believes that Powell is implementing monetary policy too slowly.
He calls for an immediate interest rate cut to support the economy.
Trump considers suing the Fed Chairman to increase pressure.
How does Trump evaluate the actions of Fed Chairman Powell?
Trump believes that Chairman Powell has reacted too slowly to the current economic pressures, thus interest rate policies need to be adjusted downward immediately.
This statement reflects Trump's view that inflation control measures are not aligned with the actual pace. He is concerned that prolonged high interest rates will hamper the economy, reducing resilience and growth.
When did Trump call for interest rate cuts?
The former US leader asserts that interest rate cuts need to be implemented immediately to avoid prolonged risks for economic growth and financial markets.
He argues that the current tightening policy puts pressure on businesses and consumers and reduces market liquidity. Reducing interest rates, according to Trump, is an effective way to stimulate consumption and investment.
Why is Trump considering suing Chairman Powell?
According to reported information, Trump is considering launching a major lawsuit against Fed Chairman Powell to exert pressure for him to adjust monetary policy.
"Allowing interest rate policies to be untimely has severe impacts on the economy and the American people, which is unacceptable."
Donald Trump, former President of the United States, August 2024
This strategy reflects Trump's determination to push for policy change while creating legal pressure for the Fed Chairman to act quickly to protect national economic interests.
Frequently Asked Questions
How does Trump react to the current monetary policy of the Fed?
He believes that the Fed is acting too slowly and proposes an immediate interest rate cut to support the economy.
What is Trump's aim in proposing interest rate cuts?
To stimulate consumption, investment, and reduce financial pressure on businesses and the public.
Why does Trump want to sue Chairman Powell?
To create pressure to change monetary policy, arguing that Powell's policies are not timely.
How does the Fed's monetary policy affect the market?
High interest rates can reduce liquidity and slow overall economic growth.
When did Trump make this statement?
The statement was recorded in August 2024.
Source: https://tintucbitcoin.com/trump-can-nhac-kien-chu-tich-fed-powell/
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