Reported 30 days ago
President Donald Trump has criticized Federal Reserve Chair Jerome Powell, urging for a drastic 2.5-point cut in interest rates, which Trump argues would save the nation billions in debt costs. Despite the Fed's decision to maintain rates between 4.25% and 4.5% and its focus on economic stability, Trump claims other regions have benefited from rate cuts that the U.S. hasn't seen. Powell has refrained from engaging with Trump’s comments, prioritizing the Fed's mandate to keep inflation low and job growth stable.
Source: YAHOO