According to the White House, the US president, Donald Trump, has formally filed a complaint about the high interest rates to the president of the Federal Reserve (Fed), Jerome Powell. The Fed has adopted a firm waiting approach and see how the US economy will handle the possible repercussions of the Trump administration’s commercial policy approach. President Trump has constantly intensified hostile rhetoric towards Fed in recent weeks, culminating in a formal complaint to the Fed Chief on Monday.
Night High House Key Aspects
- The high interest rates remain a problem.
- Trump sent a note written to the president of the Fed, Powell.
- Trump calls Powell “too late.”
- Trump asks Powell to lower interest rates.
Donald Trump’s new campaign against the Fed comes at a time when the initial effects of tariffs have already pushed the rise slightly the underlying inflation metrics in the short term, as evidenced by the increase in the Personal Consumption Expenditure Price Index (PCE) last week. The struggle of President Trump to approve his “Great Beautiful Budget Law” is also weighing in the planning of monetary policy, since the budget is expected to increase the expenditure of the Federal Deficit of the US, marking a complete departure from Donald Trump’s campaign promises to complete or completely eliminate the US budget deficit “” in a matter of months. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
