President Trump is right, rates need to be cut now as the market needs liquidity. Love his no nonsense frankness for calling out a spade as a spade.
Trump Again Asks Fed's Powell to Lower Rates, Calling Him a "Major Loser"
President Donald Trump renewed his attacks on Federal Reserve Chairman Jerome Powell Monday morning.In a post on Truth Social, the president said that "pre-emptive" interest-rate cuts are being "called for by many," and argued that Powell has always been "to late" [sic] when it comes to monetary policy.Trump called the Fed chair a "major loser" and accused him of being politically motivated.The president's latest post follow remarks made by Powell last week where he said the White House's tariff policy could lead to lower employment and higher inflation. "We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension," he said, indicating that further rate hikes were possible.Over the weekend, presidential economic adviser Kevin Hassett confirmed to reporters that the president was considering ways to fire Powell. The Fed chair has said that he doesn't think the president can legally fire him and that he won't willingly step down if asked.This is a dev
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