Trump Steps Up Push for Aggressive Fed Rate Cut
(MENAFN) As the Federal Reserve prepares to announce its latest interest rate decision this Wednesday, US President Donald Trump is intensifying pressure on the central bank to implement a more substantial reduction.
Markets widely anticipate a 25 basis point cut, but Trump argues this move is insufficient. He has openly criticized the Fed, targeting Chairman Jerome Powell for what he describes as a sluggish approach to easing monetary policy.
On Monday, Trump took to his social media platform Truth Social to demand that the Fed "must cut interest rates" by an amount "bigger than he had in mind," a clear reference to Powell’s cautious stance.
He also asserted that lowering rates more aggressively would cause the faltering US housing market to "SOAR."
Markets widely anticipate a 25 basis point cut, but Trump argues this move is insufficient. He has openly criticized the Fed, targeting Chairman Jerome Powell for what he describes as a sluggish approach to easing monetary policy.
On Monday, Trump took to his social media platform Truth Social to demand that the Fed "must cut interest rates" by an amount "bigger than he had in mind," a clear reference to Powell’s cautious stance.
He also asserted that lowering rates more aggressively would cause the faltering US housing market to "SOAR."
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