Trump Demands Fed Rate Cut Amidst Inflation Concerns

Former President Donald Trump is escalating his campaign against the Federal Reserve, calling for an immediate rate cut and accusing Chairman Jerome Powell of inaction. Trump argues that Powell’s slow response to inflation is hurting the economy, citing a need for action now. He even threatened legal action, criticizing the $3 billion renovation of the Fed’s Washington headquarters as a wasteful expense. The former president points to recent inflation data as evidence supporting his call for immediate policy adjustments, with markets already anticipating a rate cut this September. Trump advocates for a more substantial reduction than what is expected. ]