U.S. Treasury Secretary Vincent Bescent said Federal Reserve Chairperson Jerome Powell should have signaled a 100 to 150 basis point rate cut.
"New debt king" Gundlach: believes that Federal Reserve Chairperson Powell should complete his term.
According to CCTV news, US President Donald Trump called on Federal Reserve Chairperson Jerome Powell to resign in a post on the social platform "Real Social". In the post, Trump mentioned that Adriana Kugler, a Fed governor appointed by former President Biden, had previously announced his resignation. He said that Kugler "knows that Powell has done something wrong on interest rates" and that he believes Powell should also resign.
President Trump: Federal Reserve Chairperson Jerome Powell should cut interest rates by 250 basis points.
Trump: We should lower interest rates. He (Powell) should lower interest rates, and I know that better than he does.