On April 22, Nick Timiraos, a Wall Street Journal reporter who is known as the mouthpiece of the Federal Reserve, wrote that US President Trump has signaled that if his trade war leads to economic weakness and the Federal Reserve does not cut interest rates as soon as possible, he will blame the Federal Reserve. In the process, he also seems to be trying to weaken the legitimacy of this historically independent institution, which may affect its effectiveness.
In a social media post on Monday, Mr. Trump repeated last week's demand, urging the Fed to cut interest rates immediately. He said there was almost no inflation, and slammed Fed chairperson Jerome Powell as Mr. Too Late and a big loser. He also accused the Fed of cutting rates last autumn to influence the 2024 US election.
Federal Reserve megaphone: Trump is paving the way to blame Powell for any economic downturn
2025-04-22 04:13:30
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