📢 JUST IN: President Trump has taken to Truth Social to slam Fed Chair Jerome Powell, branding him “Jerome ‘Too Late’ Powell” and claiming he “should have lowered interest rates long ago.” He blasted Powell’s hesitance amid recent economic signals suggesting the labor market is weakening and now “As usual, he’s Too Late!”
In another recent attack, Trump accused Powell of “hurting the housing industry very badly”, saying high rates are preventing people from getting mortgages—and emphasized, again sarcastically, that all signs are pointing to a major rate cut Reuters
What’s Driving Trump’s Outburst?
Payroll Slip & Fed Pressure: The U.S. labor market continues to falter—just 22,000 jobs were added in August, far below expectations, prompting growing pressure on the Federal Reserve to act. Financial TimesAP NewsReutersThe Guardian
White House Reacts: The White House has signaled that the Fed might move aggressively at its next meeting scheduled for September 16–17, possibly enacting a deeper cut than the widely expected 25 basis points. Reuters
Global & Institutional Concern: ECB President Christine Lagarde has warned that Trump’s interference with the Fed poses a “very serious danger” to both U.S. and global economic stability. Barron's
Fed Voices Caution: Meanwhile, New York Fed President John Williams emphasized that tariffs aren’t driving inflation, suggesting there's still room for a rate cut—but cautioning that prematurely loosening policy could hurt employment. MarketWatch
What’s Driving Trump’s Outburst?
Payroll Slip & Fed Pressure: The U.S. labor market continues to falter—just 22,000 jobs were added in August, far below expectations, prompting growing pressure on the Federal Reserve to act. Financial TimesAP NewsReutersThe Guardian
White House Reacts: The White House has signaled that the Fed might move aggressively at its next meeting scheduled for September 16–17, possibly enacting a deeper cut than the widely expected 25 basis points. Reuters
Global & Institutional Concern: ECB President Christine Lagarde has warned that Trump’s interference with the Fed poses a “very serious danger” to both U.S. and global economic stability. Barron's
Fed Voices Caution: Meanwhile, New York Fed President John Williams emphasized that tariffs aren’t driving inflation, suggesting there's still room for a rate cut—but cautioning that prematurely loosening policy could hurt employment. MarketWatch
#MarketPullback #GoldPriceRecordHigh #USNationalDebt #TrendingTopic
