Trump Criticizes Powell After Fed Keeps Interest Rates Steady
In a bold move, President Trump publicly criticized Federal Reserve Chair Jerome Powell, calling him a ‘fool’ after the Federal Reserve decided to maintain its current benchmark interest rate. Since December, the rate has held steady in a range of 4.25% to 4.5%. This decision comes amid mounting pressure from the administration for the Fed to lower rates to spur economic growth. Trump’s comments reflect the ongoing tension between the presidency and the Federal Reserve, highlighting the complexities of monetary policy amidst economic challenges. Investors are advised to monitor these developments as they may impact market sentiment and future policy directions.