When Trump takes action, it must be a masterpiece.
Trump publicly called out Powell, demanding "immediate interest rate cuts" and even hinted at considering major litigation against him!
On August 12, news reported that Trump criticized Powell for being slow to act, stating that his decisions were "too late" and had caused "immeasurable damage". However, he also boasted about the strong economic situation, claiming he had "defeated Powell and the committee".
More aggressively, he criticized Powell for poorly managing the construction of the Federal Reserve building, stating that 3 billion dollars was spent on work that should have cost 50 million, bluntly calling him "incompetent". How much turmoil will this clash between the Federal Reserve Chairman and the President stir in the financial markets? The subsequent developments are worth closely monitoring!
