In striking remarks, U.S. President Donald Trump urged the chairman of the U.S. Federal Reserve, Jerome Powell, to take a bold step by lowering interest rates for the benefit of the U.S. economy.
According to Trump via Truth Social, there is "no inflation," pointing out that prices for gasoline, energy, groceries, and many goods and services have seen a noticeable decline. Trump continued, saying, "The U.S. Federal Reserve should lower interest rates just like Europe and China have; what is wrong with Powell's very delayed decision?" emphasizing the need for faster decisions in favor of the U.S. economy.
Trump believes that lowering interest rates will play a significant role in boosting economic growth and achieving stability. He added, "America is on the verge of thriving, and we must take advantage of the current opportunity; let everything happen, it will be wonderful!"
These remarks come at a sensitive time, as the U.S. market is awaiting new interventions from the Federal Reserve to meet economic challenges. Market forecasts have shown movement towards easing monetary policy by 51 basis points starting in September, a step aimed at supporting economic activity amid growing concerns about a slowdown in growth.
It is worth noting that the Federal Reserve had previously adopted a policy of raising interest rates to combat inflation, but these recent remarks from Trump raise questions about the effectiveness of this policy in the current economic context. Many are calling for a reconsideration of the Federal Reserve's current strategy, especially with the pressures faced by the U.S. economy due to external and internal challenges.
