Reported about 11 hours ago
Donald Trump recently announced his intentions to 'demand' a reduction in interest rates during a virtual address at the World Economic Forum, hinting at a potential conflict with Federal Reserve Chair Jerome Powell. He aimed to influence global oil prices, asserting that declining oil costs should lead to immediate rate cuts. Trump's remarks suggest increasing tension with Powell, especially as Fed officials indicate stability in current rates for the foreseeable future. This sets the stage for a complex dynamic between the new president and the central bank's leadership.
Source: YAHOO