Will Trump be satisfied with the FED cutting interest rates by 25 basis points this time?
👉 In 2025, the Fed consistently kept interest rates unchanged 5 times (from January to July). Each time, President Trump harshly criticized Fed Chairman Jerome Powell, calling him "too slow," "stupid," "out of control," and even demanded a reduction of 250 basis points in interest rates and called for Powell to resign. Trump believes the Fed is the reason for the U.S. losing hundreds of billions of dollars, while actual inflation is not high.
👉 Recently, President Trump gave a small speech, but mostly mentioned the related issues that need to be resolved before moving towards lasting peace between Russia and Ukraine without mentioning Powell at all.
👉 Additionally, he felt pleased because U.S. stocks traded extremely well in yesterday's trading session, with all three stock indexes reaching new all-time highs.
Surely Mr. "Mõm" is very happy to see Powell cut rates but probably feels shy now due to all the criticism 😄😄