Will the Federal Reserve Lower interest Rates?

Trump Drops a Truth on Powell

"Federal Reserve Chairman Jerome Powell is the latest target of a Donald Trump “Truth Bomb” barrage on his Truth Social platform.

Powell had delivered a speech at the Economic Club of Chicago the day before in which he was not overly enthusiastic about the president’s Liberation Day tariff strategy. Powell suggested that he had a dilemma: try to tame inflation or increase growth in the economy.

To that, President Trump said, so what? (So to speak.)

The president has been a skeptic of Powell for some time, and the world was reminded of that today when Trump unleashed this blistering Truth post:

The ECB [European Central Bank] is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!

So, Trump wants rate cuts now or perhaps he’ll fire Powell. So, the question becomes, would Trump actually do it? Powell is basically a lame duck. His term ends the summer of 2026."

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