Former President Donald Trump is urging the Federal Reserve to cut interest rates immediately, arguing that inflation has dropped—citing lower gas and food prices—and warning that delaying action could stall economic growth. He criticized Fed Chair Jerome Powell as being “too late” and even suggested that rate cuts are being used to favor President Biden. Trump pointed out that the European Central Bank has already cut rates multiple times and questioned why the U.S. is waiting. A rate cut could mean cheaper loans and mortgages, a boost for stocks and crypto, but also more market volatility.
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