🚨 Trump Takes Aim at Fed Chair Powell Amid Rate-Cut Pressure

📢 In a recent Truth Social post, former President Donald Trump announced he’s considering allowing a major lawsuit against Federal Reserve Chair Jerome Powell to proceed — targeting what he calls a “horrible and grossly incompetent” handling of the Fed’s renovation costs. Trump highlighted a staggering $3 billion price tag for a project he says should have cost just $50, fueling further scrutiny of Powell’s leadership.

🏛 This controversy adds to mounting pressure on Powell, who has faced criticism for hesitating to cut interest rates despite recent economic data. Trump’s visit to the Fed last month, where he called for a rate cut, coupled with the recent U.S. CPI inflation figures coming in below expectations (2.7% YoY), has intensified calls for monetary easing.

🇺🇸 Trump criticized Powell’s timing, saying the Fed Chair has been “Too Late,” causing “incalculable” damage — yet praised the economy’s resilience despite these challenges. He also argued that tariffs have not driven inflation as feared and that consumer behavior has remained surprisingly strong.

📊 This unfolding saga highlights the complex interplay between politics, monetary policy, and economic strategy as the Fed navigates uncertain waters. How will this impact the markets and future Fed decisions? It’s a critical moment for investors and policymakers alike.

#FederalReserve #Trump #MonetaryPolicy #InterestRates #Inflation

https://coingape.com/donald-trump-mulls-lawsuit-against-powell-amid-fed-rate-cut-push/?utm_source=bnb&utm_medium=coingape