Trump Criticizes Fed's Rate Decision and Priorities

President Donald Trump has heavily criticized the Federal Reserve and its Chair, Jerome Powell, after the central bank chose to maintain interest rates at 4.25%-4.5%, against his calls for cuts. Trump accused the Fed of prioritizing social and environmental issues over economic stability, claiming this focus contributed to the current inflation crisis. He vowed to combat inflation through deregulation, energy expansion, and Treasury-led initiatives if elected. Trump's remarks reflect ongoing tensions with Powell, whom he blames for mishandling inflation and bank regulation. In contrast, Powell emphasized the Fed's independence, asserting decisions are based on economic data rather than political influence. Markets showed mixed reactions to the Fed's decision, with notable impacts on bond yields and stock indices.