Trump angrily blasts the Federal Reserve: Cut interest rates immediately to 1%! Powell unexpectedly 'saves his job', the election powder keg has been ignited!
Trump calls on the Federal Reserve: Hurry up and cut interest rates! But Powell's job is temporarily safe.
Trump has once again launched a tirade against the Federal Reserve! He publicly demands that the Federal Reserve take immediate action to slash the current benchmark interest rate from a high of 5.25%-5.5% down to a low of 1%-2%. This is quite straightforward, the current interest rate is too high, the Federal Reserve must cut it down hard!
This former president and popular figure in this year's election believes that the current high interest rate environment is purely holding back economic growth. He specifically emphasized that the Federal Reserve 'should have cut interest rates earlier', implying that the Federal Reserve's actions are too slow and disappointing!
However, Trump's attitude this time has left a buffer zone. Regarding the current Federal Reserve Chairman Powell, he unexpectedly stated that he might choose to 'give him a break'. He said: 'I won't promise to get him removed', seemingly suggesting that Powell's position is temporarily not under immediate threat. It’s worth noting that Trump has publicly expressed regret for nominating Powell, and this statement is a clear softening.
But everyone understands that Trump's anger towards high interest rates is hard to quell. He is not only criticizing the Federal Reserve but also openly exerting pressure, attempting to use his political influence to interfere with central bank decisions. He repeatedly claims that if he wins in 2024, he will reshape the Federal Reserve's policy direction, and this call for interest rate cuts seems to be paving the way for the election—using economic issues to score points for himself.
Ultimately, Trump's remarks this time are both an economic appeal and a blatant political show. He simultaneously declares the need to cut interest rates to 'unshackle' the economy while leaving room for Powell, but the intent to deeply intervene in monetary policy is evident in his words. Can the financial markets safely welcome this pre-election skirmish? The test is still ahead.
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