#加密市场季度观察 As the European Central Bank continues to cut interest rates, Federal Reserve Chairman Jerome Powell, however, seems to "not listen to advice." It appears that U.S. President Trump is angry, mentioning Powell three times in one day, calling for interest rate cuts, and even making harsh remarks, stating that Powell should have been fired long ago.
On Thursday morning, September 17, Eastern Time, Trump posted on social media:
· The Federal Reserve Chairman Jerome Powell is always too late and wrong; he released a report yesterday, which is yet another typical and complete "mess!"
· Powell should have lowered interest rates long ago like the European Central Bank, but he should definitely lower them now. The sooner Powell leaves, the better!
On Thursday during the midday trading session, Trump called out to Powell twice more.
Trump said, I believe Powell is not doing his job well. If I demand it, he has to leave. Powell does not make me happy. He is always slow to act.
Trump accused Powell of manipulating politics, saying he is too bad. Interest rates in the U.S. have already risen, and rates should be brought down. Powell should cut interest rates. Trump also compared to Europe, stating that Europe is cutting rates.
After a few minutes, Trump again "attacked" Powell, saying the Federal Reserve should cut interest rates, which is what the Fed owes the American people. Powell will face significant political pressure.
Trump stated that the only good thing Powell can do is cut interest rates. If Europe cuts rates while the Federal Reserve remains indifferent, it will put the U.S. at a disadvantage. Costs are down, and U.S. inflation is minimal.
These remarks from Trump are clearly a response to Powell's hawkish statement from last night. On Wednesday, Powell reiterated what he said over a week ago, stating that the Federal Reserve "is fully capable of waiting until (the situation) is clearer, then considering adjustments to our policy stance." Powell believes that tariffs and other policies from Trump create a high level of uncertainty for the economy, and the Fed needs to avoid tariffs from permanently pushing up inflation.
In fact, Trump has long been dissatisfied with Powell. Trump feels that Powell has been "slow to respond" in combating inflation and has repeatedly urged for interest rate cuts on social media, telling Powell to "act quickly."