Trump urges Fed to cut interest rates 'immediately', is the market about to experience a major boom?
On Truth Social today, Trump called Powell a "major failure" and warned that the U.S. economy would slow down if interest rates are not cut "immediately", Europe has already cut rates 7 times. Yet Powell is always late," he wrote.
In recent months, Trump has repeatedly urged the Fed to lower interest rates. This has raised concerns about the independence of the agency. Trump has also frequently issued contradictory statements about the Fed. At times, he has called for rate cuts, while at other times, he has claimed he would not interfere with the agency’s operations.