Trump Demands Fed Slash Rates—Hints at Board Takeover in Unprecedented Move
Former President turns up heat on central bank with jawboning tactics unseen since Nixon era.
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The Art of the Deal... With Monetary Policy?
Trump's latest broadside against Powell & Co. crosses new lines—publicly urging rate cuts while suggesting board members should 'reconsider their positions.' Markets twitch as political pressure hits critical mass.
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Institutional Norms? Never Heard of 'Em
The ex-president's playbook borrows from crypto volatility: pump expectations, dump accountability. Fed independence now trades at all-time lows against political expediency.
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Wall Street shrugs—after all, what's another norm shattered between friends? Just don't check your 401(k) statement.
Trump raises pressure on Powell
During recent remarks, Trump criticized Powell for maintaining current interest rates and suggested that the broader Federal Reserve Board should intervene if Powell does not MOVE to lower them.
Trump stated:
“Jerome ‘Too Late’ Powell, a stubborn MORON, must substantially lower interest rates, NOW. IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!”
Political influence on monetary policy
Trump’s comments come amid heightened scrutiny of the Fed’s independence, as political figures increasingly weigh in on central bank decisions.
The call for intervention underscores a growing willingness by some in Washington to challenge the traditional autonomy of the Federal Reserve.
