US President Donald Trump has swipe at the Fed Chair Jerome Powell on a dull trend towards the interest rate cut. In his latest Salvo, Trump labeled the Fed chair as “very late Powell”, which increased between calls to slash the Fed to slash interest rates.
Donald Trump condemned Jerome Powell to fail to cut interest rates
Among the calls to cut interest rates for the US Federal Reserve, US President Donald Trump has asked Fed Chair to criticize Jerome Powell. In a true social post Shared on XTrump swipe into the Geom Powell to pull his legs on the interest rate cut.
According to Trump, the calls for rate cuts have reached deaf levels in the US, with consensus on the issue. However, Donald Trump noted that Powell and Fed are ready to delay cut rate cuts, potentially damage economic progress.
“The consensus of almost everyone is that the fed should cut rates later,” Trump said. “Very late Powell, a man famous for being too late, maybe blow it again – but who knows?”
Powell leaves interest rates unchanged For the final FOMC meeting in early May for a widespread spectrum shortage. The decision is the third to keep the interest rates unchanged by the Fed, with the Powell benchmarking benchmarking at 4.25%-4%.
Earlier, Donald Trump’s speculation reached a Cracecadeo as a fed chair on failure to cut rates by removing Powells. However, Trump Branded Powell A Foolless Despite the improvement in economic matrix, to keep interest rates unchanged.
Why is Powell keeping the rate of interest unchanged?
As markets have detected the Fed’s decision to keep the interest rates unchanged, many principles have collected steam. In his FOMC speech, Powell blamed tariffs for cutting unchanged interest rate, given that inflation forces are still running. The Fed Chair mentioned that inflation is declining as expected and the trade tension made by Donald Trump is making an air of uncertainty.
However, Soft ppi inflation Painting a separate economic picture released in mid -May. According to data released by the US Bureau of Labor Statistics (BLS), PPI data fell to 2.4% from expectations, indicating the cooling of inflation matrix.
Investors have their own places on Fed’s interest rate announcements that see seismic effects on cryptocurrency prices. Low inflation rates usually positively affect crypto prices, which increase the level of liquidity, increasing the allocation of digital assets to investors. As Donald Trump criticizes for Powell, the change in stance to cut interest rates is ready to send prices to a rally.
Aliu pokima
Aliyu Pokima is a journalist of an experienced cryptocurrency and emerging technologies with a neck to cover the needle-moving stories in space. Aliyu distributes news stories, regulatory updates and practical analysis with depth and accuracy. When he is not working on the chart or on the following lead, Aliu enjoys playing bass guitar, lifting weight and running a marathon.
Disclaimer: The material presented may include the author’s personal opinion and is subject to the market status. Do your market research before investing in cryptocurrency. The author or publication does not have any responsibility for your personal financial loss.
share: