According to a report by Reuters, on May 17 local time, U.S. President Donald Trump posted on his social platform "Truth Social" urging the Federal Reserve to cut interest rates and criticized Fed Chairman Jerome Powell.
"The consensus among almost everyone is that the Federal Reserve should cut interest rates earlier rather than later. Mr. 'Too Late' Powell, a person known for being 'too late,' may mess up again - but who knows?" he wrote.
On May 7 local time, the Federal Reserve announced for the third time that it would keep interest rates in the range of 4.25% to 4.50% unchanged.
On the same day, Powell stated at a press conference that "Trump's request for interest rate cuts will not affect the work of the Federal Reserve. In some cases, interest rate cuts this year are appropriate, and in other cases, they are not appropriate. I cannot confidently say what the right path for interest rates is."
Subsequently, Trump said that interest rate cuts are like "jet fuel" for the economy, but Powell does not want to add fuel to the U.S. economy. He also complained that Powell "does not love me."
Later, on the 13th, Trump called out to Powell again, asking him to "cut interest rates like Europe and China do."
This article is an exclusive contribution from Guancha.cn and cannot be reprinted without permission.
Original source: https://www.toutiao.com/article/7505568830660346368/
Disclaimer: The views expressed in this article are solely those of the author. Please use the buttons below to express your opinion.