Reported about 21 hours ago
President Donald Trump reiterated his demand for the Federal Reserve to lower interest rates, labeling Fed Chair Jerome Powell a 'numbskull'. Despite acknowledging that his harsh criticisms may hinder Powell's actions, Trump continues to push for immediate rate cuts. Federal Reserve Governor Christopher Waller commented that interest rates should potentially be reduced soon, especially with signs of a weakening job market. Tensions between Trump and Powell remain high, as the president considers potential successors for Powell, whose term ends next year.
Source: YAHOO