ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
Trump pressures Powell to slash rates by full percentage point
Once again, US President Donald Trump is taking aim at Federal Reserve Chairman Jerome Powell. Recently, Trump publicly called on the Fed to slash the federal funds rate by a full 1 percentage point, even as US labor market data came in stronger than anticipated.
The president has repeatedly used his social media platform to pressure Powell for rate cuts, often referring to him as “Jerome ‘Too Late’ Powell.” Trump has consistently employed this nickname in his posts to criticize the Fed’s cautious approach.
Posting on Truth Social, Trump wrote, "'Too Late' at the Fed is a disaster! Despite him, our Country is doing great. Go for a full point, Rocket Fuel!”
Trump insists that inflation is currently minimal. However, he has recently added that if inflation is to resurface, rates could be raised again to contain it. In his words, it is simple.
“Europe has had 10 rate cuts, we have had none,” Trump pointed out. However, this claim is inaccurate as the European Central Bank lowered its rates for the eighth time, by 0.25 percentage points. The Fed, meanwhile, last reduced rates by 1 percentage point in September of last year.
At present, no rate cut appears to be on the Fed’s agenda. Analysts note that recent US macroeconomic data do not support such a move. According to the Labor Department, US nonfarm payrolls increased by 139,000 in May, exceeding economists’ expectations of 130,000. Revised figures for April showed job gains of 147,000, down from the previously reported 177,000.
প্রকাশিত 13 June 2025
© InstaFintech Group
![]()
© InstaFintech Group
