why TRUMP is often referred to as "former President"....

Trump signals his intention to replace the Federal Reserve Chairman and seeks sharp cuts in interest rates
Former President Donald Trump pointed to plans to replace Federal Reserve Chairman Jerome Powell in an effort to implement aggressive monetary easing, potentially targeting cuts of up to 300 basis points, according to a Cobisi message (via BlockBeats). Trump argued that the current range of interest rates set by the Federal Reserve, which is between 4.25% and 4.50%, is excessively restrictive and hinders economic growth.

However, most analysts believe such sharp cuts are unlikely. Instead, they expect a more measured approach, possibly starting with a 25 basis point cut in September 2025.

Historical context:

Sharp cuts in interest rates, like those that occurred in the 1970s, often exacerbated wealth inequality by inflating asset values, while wage growth lagged. Today, the distribution of wealth remains significantly unbalanced:

The wealthiest 0.1% of Americans possess wealth that is more than 5.5 times that of the bottom 50%.

The wealthiest 1% of Americans own 51% of all U.S. stocks.

Further interest rate cuts could exacerbate these inequalities and risk fueling asset bubbles.

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