Summary
- President Trump stated that he has once again pressured the Fed to cut the benchmark interest rate.
- He cited the decline in US prices and the absence of inflation as reasons for the rate cut.
- President Trump criticized Chairman Powell and demanded swift action.
US President Donald Trump has once again pressured the Federal Reserve (Fed) to cut interest rates.
On the 13th (local time), President Trump emphasized on his Truth Social that "currently, the US is experiencing an overall decline in prices, and there is no inflation," and therefore "the US should lower the benchmark interest rate like Europe or China."
He also reiterated the term 'Too Late Powell.'
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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