Reported about 10 hours ago
President Trump has once again urged Federal Reserve Chairman Jerome Powell to cut interest rates, labeling him a 'major loser' for being 'too late' on rate adjustments. This comes after Powell warned that Trump's tariffs might increase inflation and hinder growth, leading Trump to express dissatisfaction and suggest he would act swiftly to remove Powell if necessary. Despite Trump's comments, some Republican officials defend the Fed's independence, emphasizing its critical role in maintaining economic stability.
Source: YAHOO