‘No inflation!’: Donald Trump calls Jerome Powell a ‘total disaster’; pushes for urgent Fed rate cut
US President Donald Trump intensified his criticism of the Federal Reserve after producer prices unexpectedly fell in August, fueling his demand for an immediate rate cut. He attacked Fed Chair Jerome Powell, calling him a ‘total disaster’ who doesn’t have a clue. The drop in wholesale prices has increased expectations that the Fed might cut interest rates next week.🕒 1 min read
US President Donald Trump intensified his criticism of the Federal Reserve after producer prices unexpectedly fell in August, fueling his demand for an immediate rate cut. He attacked Fed Chair Jerome Powell, calling him a ‘total disaster’ who doesn’t have a clue. The drop in wholesale prices has increased expectations that the Fed might cut interest rates next week.
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