Trump criticizes Powell and demands the Federal Reserve cut interest rates quickly.
US President Trump criticized the Federal Reserve on Thursday, once again targeting Fed Chairman Powell, accusing him of being slow to act on interest rate cuts. Trump mentioned "Jerome 'Too Late' Powell" in his speech in South Korea, and said he will not let the Fed raise rates because of concerns about inflation three years from now. He expects the US economy to achieve 4% growth in the first quarter of 2026, well above economists' forecasts. This statement highlights the tense relationship between Trump and the Fed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chainlink Faces $18.25 Hurdle: Will Bulls Prevail or Bears Take Control?
- Chainlink (LINK) trades in $16.5–$18.5 range as analysts highlight critical support/resistance levels for November 2025 price action. - Whale accumulation (1.84% increase in top 100 holdings) and RSI recovery signal potential stabilization amid sideways movement. - Key support at $13.50–$14.50 could trigger a rebound to $27.86, while breakdown below $16.98 risks further bearish pressure. - Strengthening fundamentals, including S&P Global partnership and reserve expansion, underscore resilience despite ma
Cross-Ecosystem Expansion 2025: Strength Built via Consolidations, Sustainable Practices, and Worldwide Transformations
- Companies across sectors adopt cross-ecosystem strategies in 2025 to address market shifts, regulations, and tech advancements. - American Water merges with Essential Utilities to boost infrastructure efficiency, reflecting utility sector consolidation trends. - Stem Inc. and Visa expand globally through tech platforms and services, leveraging cross-border opportunities amid macroeconomic uncertainty. - Europe's $83.6B food packaging market grows toward $124.8B by 2034, driven by sustainability mandates
Bitcoin Updates: Bittensor's AI Innovation Reflects Bitcoin's Economic Transformation, Drives TAO Growth
- Bittensor's TAO token surged 18.76% to $520 on Nov 1, driven by Europe's first staked TAO ETP launch and growing institutional interest in decentralized AI infrastructure. - Safello and Deutsche Digital Assets' STAO ETP (1.49% fee) on SIX Swiss Exchange, backed by cold-stored TAO, catalyzed a 20% price rally post-launch. - The ETP's success reflects institutional confidence in blockchain-AI convergence, with TAO's $5.31B market cap and 200% YoY TVL growth highlighting its disruptive potential. - Regulato
Dallas Fed’s Logan Opposes Rate Cuts in December
Trending news
MoreCrypto prices
More
