Recently, former President Trump launched a fierce attack on Federal Reserve Chairman Powell once again. Trump posted on social media, criticizing Powell for explaining why he insists on not lowering interest rates during his upcoming testimony before Congress.
Trump pointed out that compared to Europe, which has already implemented ten rate cuts, the United States' interest rate policy seems overly conservative. He emphasized that in the current context of easing inflation pressures and good economic performance, the Federal Reserve (FED) is fully capable of lowering interest rates by 2 to 3 percentage points.
What is particularly striking is that Trump has also put forward a rather controversial economic argument. He claims that if interest rate cuts are implemented, the United States could save up to $800 billion in spending each year. This assertion has sparked extensive discussion among economists and policymakers.
However, Trump's remarks have also raised concerns about the independence of The Federal Reserve (FED). As an independent central bank, the decisions of the FED should be based on economic data and long-term stability considerations, rather than political pressure.
Powell's challenge is not only political, but also how to strike a balance between economic growth, job market stability, and inflation control. Despite Trump's call for a sharp rate cut, the Fed's decision-making process is far more complex than a simple interest rate adjustment.
As Powell is about to testify before Congress, both the market and the public are closely watching the next moves of The Federal Reserve (FED). Regardless of the final decision, this debate on monetary policy will undoubtedly continue to influence the economic direction of the United States and even the world.
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wagmi_eventually
· 5h ago
The politicians are here to guide the economy again.
Reply0
WalletInspector
· 5h ago
The old man is here again~
Reply0
SignatureVerifier
· 5h ago
technically speaking, powell's data validation seems... questionable
Reply0
BlockchainWorker
· 5h ago
When will the interest rate cuts reach my pocket?
Reply0
GasFeeCrying
· 5h ago
When will it drop? Even Buffett is getting anxious.
Reply0
nft_widow
· 5h ago
No one really cares about the common people.
Reply0
SerumSurfer
· 6h ago
Tsk tsk, the politicians are meddling in the Central Bank's affairs again.
Recently, former President Trump launched a fierce attack on Federal Reserve Chairman Powell once again. Trump posted on social media, criticizing Powell for explaining why he insists on not lowering interest rates during his upcoming testimony before Congress.
Trump pointed out that compared to Europe, which has already implemented ten rate cuts, the United States' interest rate policy seems overly conservative. He emphasized that in the current context of easing inflation pressures and good economic performance, the Federal Reserve (FED) is fully capable of lowering interest rates by 2 to 3 percentage points.
What is particularly striking is that Trump has also put forward a rather controversial economic argument. He claims that if interest rate cuts are implemented, the United States could save up to $800 billion in spending each year. This assertion has sparked extensive discussion among economists and policymakers.
However, Trump's remarks have also raised concerns about the independence of The Federal Reserve (FED). As an independent central bank, the decisions of the FED should be based on economic data and long-term stability considerations, rather than political pressure.
Powell's challenge is not only political, but also how to strike a balance between economic growth, job market stability, and inflation control. Despite Trump's call for a sharp rate cut, the Fed's decision-making process is far more complex than a simple interest rate adjustment.
As Powell is about to testify before Congress, both the market and the public are closely watching the next moves of The Federal Reserve (FED). Regardless of the final decision, this debate on monetary policy will undoubtedly continue to influence the economic direction of the United States and even the world.