Emre Yumlu 
U.S. President Donald Trump has once again intensified his criticism of Federal Reserve Chairman Jerome Powell. At a time when expectations for a rate cut are growing, Trump’s statements have caught the attention of the markets. So, what will the Fed’s interest rate decision be?
In his recent remarks targeting Powell, Trump said:
- “Powell is not a smart person. The Fed should cut interest rates.”
- “There probably won’t be a rate cut decision today.”
- “Interest rates should be at least two and a half points lower right now.”
- “Powell is doing a poor job.”
- “Can I appoint myself to the Fed? I’d do a much better job.”
Trump’s comments once again highlight the increasing political pressure on the Fed ahead of a potential interest rate decision.
Trump vs. the Fed: Tensions Continue to Escalate
Trump argued that lowering interest rates would reduce borrowing costs and accused Powell of failing in his role. While Trump has previously criticized Powell on multiple occasions, this time he took it a step further by asking, “Can I make myself Fed Chair?” — a statement that drew widespread attention.
Markets Remain Calm But On Edge Ahead of Fed Decision
Despite Trump’s sharp tone, the markets have remained relatively calm for now. However, such statements continue to raise questions among investors about the independence of the Fed. With the interest rate decision expected today, all eyes are once again on Powell.
Trump’s latest remarks clearly signal the mounting political pressure on the Fed. While markets have not reacted strongly yet, these statements could influence the central bank’s future interest rate policies.
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