6 Articles
6 Articles
Federal Reserve chair blames Trump’s tariffs for preventing interest rates cut
Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy. He posted a hand-scrawled note on his Truth Social platform on Monday, saying: “Y…
Trump ramps up pressure on Fed Chair Powell to cut rates in handwritten note: ‘You have cost the USA a fortune’
President Trump on Monday escalated attacks on Fed Chair Jerome Powell to slash rates, accusing the policymaker in a handwritten letter of costing the nation “hundreds of billions of dollars.”
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