Emre Yumlu 
U.S. President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome Powell regarding interest rate cuts. In a statement shared on social media, Trump said: “The consensus of almost everybody is that the Fed should cut rates sooner, rather than later. Powell, a man legendary for being too late, will probably blow it again — but who knows?”
Growing Pressure from Trump for a Rate Cut
Trump’s remarks come at a time when expectations for a rate cut in the U.S. economy are gaining momentum. Signs of slowing inflation and weakening economic growth are increasing pressure on the Fed. Trump is amplifying this pressure, openly criticizing Powell and making his stance clear to the public.
What Will the Fed Do? All Eyes on July and Beyond
Jerome Powell has previously emphasized that the Fed will not act hastily and will continue to follow the data closely. However, with political pressure mounting, markets are watching closely to see whether the Fed might consider a potential rate cut this summer.
There is also a divide among economists. Some argue that inflation has been sufficiently contained, making this the right time for a rate cut. Others believe the Fed will maintain its cautious stance for now.
Will Powell Act or Wait?
While Trump’s statements may not directly influence the Fed’s decisions, they are important in shaping public and market perception. His comment labeling Powell as “legendary for being too late” suggests that monetary policy decisions are becoming increasingly entangled with political debates.
In the coming months, the path the Fed chooses regarding interest rate policy will play a key role in determining the future of both the U.S. economy and global markets.
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