just read the tea I’m spilling here👇
Just in, President Trump tells FED Chair Jerome Powell to cut interest rates and stop playing politics. Why did Trump say that? Did Jerome respond? Read for better understanding......
Powell in his own words stated that, "We understand that elevated levels of unemployment or inflation can be damaging and painful for communities, families and businesses."
We know what's next:
After last week's Fed meeting, markets turned volatile. Investors in stocks and crypto awaited Powell's remarks. Not rate cuts came, but clarity emerged.
But in conclusion, Jerome Powell said that Trump's administration tariffs will lead to a higher inflation and slower growth. Proving that we face highly uncertain outlook with elevated risks of both higher unemployment and higher inflation.