💥BREAKING
President Donald Trump has once again publicly pressured the Federal Reserve to cut interest rates, stating "They have to cut." His remarks come just before the Federal Reserve's Federal Open Market Committee (FOMC) meeting, where policy decisions on interest rates are made. Trump argues that lower rates are necessary to stimulate the U.S. economy further and reduce the cost of servicing the national debt. He has consistently criticized the Fed's "artificially high" rates and has even floated the idea of replacing Fed Chair Jerome Powell. While the Federal Reserve typically operates with independence from political influence, the President's persistent calls highlight the ongoing tension between political objectives and the central bank's mandate for maximum employment and price stability. Economists remain divided on the necessity and timing of such cuts, with some concerned about potential inflationary pressures.
