Trump Targets Federal Reserve for Rate Cuts

Former President Donald Trump is intensifying pressure on the Federal Reserve to lower interest rates, employing aggressive tactics that have raised concerns about potential independence threats within the institution. Trump’s team is actively targeting key Fed members and seeking to influence policy decisions, including through alleged attempts to undermine Chair Jerome Powell. 🎧 πŸ” πŸ’Ό This push for rate cuts comes amidst a series of developments, notably the resignation of Kugler and Trump’s appointment of Miran to the Fed, bolstering pro-rate cut forces. Focus now shifts to Lisa Cook, as Trump seeks to sway her perspective on interest rates. πŸ’° βš–οΈ πŸ‡ΊπŸ‡Έ To secure a desired outcome, Trump aims to garner seven out of twelve votes required for any rate change within the Fed.