Trump Urges Powell to Cut Interest Rates Amid Market Declines

Federal Reserve Chairman Jerome Powell indicated that the Fed would not rush to counter the economic impact of recent tariffs, stating that the economy remains stable despite growing uncertainties. In response, former President Donald Trump criticized Powell on Truth Social, asserting that the current economic conditions—marked by falling energy prices and rising employment—are ideal for a rate cut. Trump has a history of calling Powell 'late' in his decisions and urged him to 'stop playing politics.' As the stock market continues to experience sharp declines, Trump's comments reflect a broader frustration with the Fed's monetary policy amidst concerns of a potential recession due to trade tensions. Some analysts predict Powell might adopt a hawkish stance at the next meeting, complicating the possibility of immediate rate cuts. This situation has left investors anxious about the Fed's response in the face of ongoing market volatility.