Donald Trump vs Jerome Powell: US President urges Fed board to overrule Powell on rates; calls him ‘stubborn’ as dissent grows
Donald Trump has urged the Federal Reserve’s board to take control of monetary policy from Jerome Powell, criticizing Powell’s ‘stubborn’ stance on interest rates. Trump advocates for substantial rate cuts to stimulate growth, citing weak job creation figures and internal dissents within the Fed. Economists caution that such aggressive cuts could risk higher inflation, while Powell defends the Fed’s approach.🕒 1 min read
Donald Trump has urged the Federal Reserve’s board to take control of monetary policy from Jerome Powell, criticizing Powell’s ‘stubborn’ stance on interest rates. Trump advocates for substantial rate cuts to stimulate growth, citing weak job creation figures and internal dissents within the Fed. Economists caution that such aggressive cuts could risk higher inflation, while Powell defends the Fed’s approach.
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