Reported 4 days ago
President Trump has transformed from nominating Jerome Powell as Federal Reserve Chair to becoming one of his most vocal critics. With Powell's upcoming speech at the Jackson Hole Economic Symposium, market watchers are keen on whether he will indicate a willingness to lower interest rates. Trump's ongoing pressure on Powell reflects a contentious relationship, which raises questions about whether Trump truly wants Powell out or is using the situation to influence monetary policy. Analysts note that this criticism is more sophisticated compared to Trump's earlier confrontations in 2019.
Source: YAHOO