US EditionTrump warns of economic slowdown unless Fed cuts rates
- U.S. President Donald Trump warned of an economic slowdown unless the Federal Reserve lowers interest rates, criticizing Chairman Jerome Powell's decisions.
- Despite Trump's pressure to lower rates, Federal Reserve officials maintain they are unlikely to change their current policy soon.
- Economic indicators show the U.S. Economy is expanding, but inflation risks and uncertainties remain, prompting caution from the Federal Reserve.
- Consumer prices, especially groceries, are higher than last year, which Trump mentioned while arguing for immediate rate cuts.
96 Articles
96 Articles
If Trump fires Jerome Powell and replaces him with someone more politically pliant, 'it could be something that backfires on Trump spectacularly,' researcher says
President Donald Trump called on Federal Reserve Chair Jerome Powell to slash interest rates to avoid an economic slowdown. Still, “it remains to be seen how much rate cuts can actually stem the bleeding” when it comes to things such as consumer goods and housing, which are especially vulnerable to tariffs, a researcher said. Plus, if Trump were to fire the head of the central bank, it could backfire "spectacularly." The president wants lower i…
Trump insistent on crossing 'red line' as GOP lawmaker warns against 'extra excitement in markets'
With his escalating rhetoric against Federal Reserve chair Jerome Powell, President Donald Trump is approaching an economic boundary that few presidents previously considered crossing. On Thursday, Trump said Powell's "termination cannot come fast enough." His chief economic advisor, Kevin Hassett, also informed reporters that the White House was exploring the possibility of dismissing the Fed chair. In a report published Tuesday, Axios noted t…
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