Trump Escalates Fed Criticism, Demands Immediate Rate Cuts

Former President Donald TRUMP has intensified his public feud with Federal Reserve Chair Jerome Powell, labeling him a "numbskull" and accusing the Fed of economic malpractice by delaying interest rate reductions. Speaking at a White House event, Trump claimed single-point rate cuts could save the US $300 billion annually, while warning of dire consequences if the central bank maintains its current policy stance.

The remarks come amid growing political pressure on monetary policy ahead of the 2024 election cycle. Trump suggested Powell''s position remains secure for now, but hinted at potential intervention if rates don''t decline soon. Market analysts note such public confrontations between presidents and Fed chairs historically create volatility in traditional and digital asset markets.