Powell, OUT! Trump declares: I could do better!
Trump is furious, attacking the Federal Reserve: Trump has come out to criticize Federal Reserve Chairman Powell, shouting that interest rates must be lowered by a full 2.5% immediately, right now! Why? He believes that the current high interest rates are a disaster, dragging down economic growth, not to mention skyrocketing the cost of borrowing for the country. He said Powell is 'too incompetent, ruining the economy', even stating 'if I could replace him, I would definitely do better!' He also pointed to Europe to provoke the Federal Reserve, saying 'Look at Europe, they've lowered rates ten times already, what are you guys waiting for?'
The Federal Reserve remains unmoved, too lazy to respond: But what about the Federal Reserve? They simply ignore this! They said they will keep interest rates at the current high level. The reason is clear: inflation is not completely dead yet, and finding a job is still not too difficult. During the Federal Reserve's internal meetings and voting, there was a heated debate, with 7 executives firmly opposing a rate cut this year, while another 10 believed there should be at least two cuts. In short, the message is: 'What’s the rush? Let's wait and see the data first!'
The market is betting, but not securely: How about those money players on Wall Street? They are currently betting that the Federal Reserve will cut rates in September this year, believing there is over a 50% probability. However, the Federal Reserve continues to dampen their hopes, repeatedly emphasizing 'We only look at the data, not anyone's face.' In plain terms, the future depends on whether inflation really comes down, the job market doesn't collapse, and whether the global economy stays stable.
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