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đ€§đ± Trump is back at it â blasting Fed Chair Jerome Powell as âincompetentâ for not cutting rates sooner. Says heâd slash them straight to 2% if not for âToo Late Powell.â Meanwhile⊠tariffs keep rising while he demands lower interest rates đ€Ż
Trumpâs Criticism of Powell
âł Delayed Cuts: Powell is âtoo slowâ on rate cuts, even with falling inflation đ
đȘđș ECB Comparison: Trump highlights that Europe already cut, but the Fed hasnât
đ€ Powellâs Competence: Calls Powell a âfoolâ with âno clueâ⊠but says he likes him âvery muchâ
Economic Impact of Tariffs
â Uncertainty: Powell says tariffs create massive uncertainty for Fed decisions
đš Risks: Prolonged tariffs = higher inflation, weaker growth, rising unemployment
Powellâs Response
đœ Fed Independence: Reminds everyone the Fed is legally independent from the White House
đ Wait & See: Sticking with a cautious approach until tariff impact is clearer
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