Editor's PiCK
Trump: "If Powell Doesn't Cut Rates, the Fed Board Should Intervene"
Minseung Kang
Summary
- President Trump stated that he has persistently pressured Fed Chair Powell on interest rate policy.
- President Trump argued that if a benchmark interest rate cut does not occur, the Fed Board should take control.
- It was reported that President Trump has continuously and publicly criticized Chair Powell's policy of maintaining the benchmark interest rate freeze.
U.S. President Donald Trump exerted strong pressure on Jerome Powell, Chair of the U.S. Federal Reserve System (Fed), regarding interest rate policy.
According to overseas economic news channel DB News on the 1st (local time), President Trump claimed, "If Chair Powell does not move to lower the benchmark interest rate, the Fed Board should assume control."
President Trump, who has consistently demanded a benchmark rate cut, has continued to publicly criticize Chair Powell for maintaining the freeze on the benchmark interest rate during his second term in office.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
