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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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Trump Continues To Pressure Powell
On Wednesday, former President Donald Trump used Truth Social to intensify pressure on Federal Reserve Chair Jerome Powell to cut interest rates, blaming high rates for harming families and slowing the housing market. Trump criticized Powell as “Too Late” and claimed the U.S. could save $1 trillion annually if rates were three points lower. Despite Trump’s repeated public attacks, the Fed has not responded with any rate cuts since December, when Joe Biden was still president.
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