Trump once again called out on social media, stating that if it weren't for "the dragging Powell," interest rates would have already dropped to 2%.
He has consistently pressured the Federal Reserve, advocating for rapid and significant rate cuts, believing that high rates could hinder the economy.
This week, the U.S. GDP data performed well. Although Trump acknowledged the improving economy, he still insisted that interest rates are too high and need to be lowered quickly.
In contrast, Federal Reserve Chairman Powell's attitude is cautious.
He stated that the U.S. economy is facing a dilemma: cutting rates too quickly could drive up inflation, while cutting rates too slowly would increase the burden on businesses and affect employment. Powell emphasized that rapid rate cuts could undermine previous efforts to control inflation.