Trump criticizes Powell again: idiots may not cut interest rates today
2025-06-18 16:00:27
President Donald Trump again criticised Federal Reserve Chairperson Jerome Powell on Wednesday, just hours before the central bank announced its interest rate decision. Mr. Trump said the US had collected $88 billion from tariffs and was "not inflating", renewing his call for lower rates. "If the Fed cut rates, we would buy Treasuries at a lower price," he said. "But frankly, we have a stupid guy at the Fed who probably won't cut rates today. He's done a terrible job. We should cut rates by 200 basis points, and it would be better if we could cut rates by 250 basis points. I'm going to take a short-term strategy, bring rates down a lot, and then move to a long-term strategy."
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