Trump publicly calls out Powell, demanding "immediate interest rate cuts," and threatens to consider filing a major lawsuit against him!

On August 12, news broke that Trump criticized Powell for being slow to act, claiming his decisions were "too late," resulting in "immeasurable damage." However, he bragged about the good economic situation, stating he had "defeated Powell and the committee."

Even more aggressively, he criticized Powell for managing the construction of the Federal Reserve building poorly, saying that $3 billion was spent on work that should have cost $50 million, bluntly stating he was "incompetent." How much turmoil will this clash between the Federal Reserve Chair and the President stir in the financial markets? The subsequent developments are worth closely monitoring!