Powell’s Signal on Possible Rate Cut Not Enough for Trump

In his recent address, Federal Reserve Chair Jerome Powell hinted at the possibility of a rate cut, citing concerns over trade tensions and global economic slowdown. However, this suggestion was not enough to satisfy President Trump, who has repeatedly criticized the Fed's interest rate hikes. The article notes that while Powell's comments were interpreted as a signal of potential easing, the White House remains unsatisfied with the Fed's monetary policy. Trump has been vocal in his desire for lower interest rates, arguing that they would boost the US economy. The article suggests that the ongoing tension between the White House and the Fed is likely to continue, as the central bank navigates the complex economic landscape and tries to balance its dual mandate of price stability and full employment. The article emphasizes the importance of the Fed's independence and its ability to make decisions free from political influence.