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Trump: "The Fed should convene an emergency meeting right now to cut rates"

Source
JH Kim

Summary

  • It was reported that U.S. President Donald Trump urged the Federal Reserve to convene an emergency meeting for an immediate rate cut.
  • President Trump said the Fed should not wait for its regular meeting but instead hold a special meeting and immediately cut rates.
  • He pointed out that, given the current economic conditions, the monetary policy response is being delayed, and reported that he has repeatedly emphasized the need for rate cuts.

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U.S. President Donald Trump urged the Federal Reserve (Fed) to hold an emergency meeting to deliver an immediate interest-rate cut.

On the 16th (local time), according to Walter Bloomberg, President Trump argued that the Fed should not wait for its regular meeting, but instead convene a special meeting and cut rates immediately.

He said that, given the current economic situation, the monetary policy response is being delayed.

Recently, President Trump has repeatedly underscored the need for rate cuts while criticizing Fed Chair Jerome Powell.

Photo = Shutterstock
Photo = Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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