Trump attacks Jerome Powell: Inflation is a lie and interest rates need to drop!
In a fiery statement, Trump announced that a new study from the Council of Economic Advisers in America proved that tariffs did not cause any inflation, but quite the opposite: import prices have begun to decrease!
He stated that the fake news media and those they call 'economics experts' were wrong, and that tariffs made the American economy 'explode' with investments and jobs.
But the most controversial... he attacked Federal Reserve Chairman Jerome Powell, accusing him of complaining about 'non-existent inflation' and refusing to lower interest rates!
🔻 He called for an immediate interest rate cut and said: 'The time is now, Jerome!'
🔸 Personally, I believe this statement increases pressure on the Federal Reserve and opens the door to questions:
Has inflation really ended? Is it time to lower interest rates and return liquidity to the markets?
The question for you:
Do you expect the Federal Reserve to start lowering interest rates soon?
📈 Since inflation is declining, interest rates must be cut
❤️ Not yet, it needs more data
😭 No, the Federal Reserve will continue to raise interest rates for a longer period