Trump to Announce New Fed Chair, Pressures Powell for Full Point Rate Cut Amid 1.5% Inflation and Market Volatility

Trump demands a full-point interest rate cut from “Too late Powell.” Given inflation’s at 1.5%, and with the trade war raging, a normal Fed would be furiously cutting rates. Instead, the Fed’s trying to strangle the Trump boom.

The Fed is strangling the economy with Biden era interest rates even though Trump brought inflation down to just 1.5%. That’s actually below the Fed’s target. Jerome Powell spent 4 years trying to bail out Biden and Harris. Now he’s doing everything he can to hurt Trump.

Trump’s floating a 100bps cut and hinting at a new Fed Chair—raising the specter of a shadow central bank running alongside Powell, writes @TheMichaelEvery Markets may have to choose who they believe. #Economy #EconomyNews #EconomyMonetary #inflation #fintwit #Fed