Reported 4 days ago
President Trump is advocating for significant cuts to short-term interest rates to 1%, a move typically reserved for economic emergencies. While current rates sit at about 4.25%, Trump's proposed tariffs are driving inflation up, contradicting his goal of lowering prices. Despite his confidence in a strong economy, concerns about job growth, the national debt, and weakening consumer confidence raise questions about his economic strategy. Analysts suggest that any drastic rate cuts may not address the underlying issues, while Trump's recent criticism of Federal Reserve Chair Jerome Powell indicates he may be preparing to shift blame if economic conditions worsen.
Source: YAHOO