President Trump Demands Fed Hold “Special Meeting” to Cut Interest Rates Right Now
President Trump urged the Federal Reserve to immediately cut interest rates, criticizing Jerome Powell for being “too late” and suggesting a special meeting.Summary
President Donald Trump publicly demanded the Federal Reserve cut interest rates “right now,” expressing his frustration with Chairman Jerome Powell’s approach. He believes even a “third-grade student” would recognize the need for lower rates and suggested the Fed convene a special meeting to address the issue. This call comes as part of Trump’s ongoing campaign to pressure the central bank to lower rates, despite the current federal funds rate being between 3.50% and 3.75%. The Federal Open Market Committee is scheduled to meet from March 17-18, but market expectations predict no rate changes this week. Recent economic data shows a cooling labor market and stable inflation, while geopolitical tensions are contributing to market uncertainty.
(Source：BeInCrypto)