Reported about 11 hours ago
Former President Donald Trump has intensified his criticism of Federal Reserve Chairman Jerome Powell, calling him a 'fool' for delaying interest rate cuts. Trump argues that the Fed should lower rates and claims there is 'virtually NO INFLATION,' while Powell maintains a patient approach pending more data on the economic impact of Trump's tariffs. The Fed's decision to keep rates unchanged has pushed market expectations for a rate cut to July, with some economists warning that delaying cuts could hinder monetary policy effectiveness.
Source: YAHOO