Trump Advocates for Aggressive Rate Cuts Amid Fed Leadership Speculation
U.S. President Donald TRUMP has renewed his push for drastic interest rate cuts, urging the Federal Reserve to slash rates to around 1% to stimulate economic growth. His comments come as markets increasingly anticipate a potential rate reduction at the Fed's next meeting. Trump's persistent demands have injected volatility into financial markets, with traders recalibrating expectations for monetary policy.
In a notable escalation, Trump hinted at replacing Fed Chair Jerome Powell, signaling a potential leadership shakeup at the central bank. "Interest rates should be at 1%," Trump declared. "Our economy needs this level for sustainable growth." The remarks underscore the growing tension between the WHITE House and the Fed over the direction of monetary policy.
