Trump: Fed Has Responsibility to Lower Rates for Americans, Powell Will Face Significant Political Pressure
BlockBeats News: On April 18, President Trump of the United States stated, "Costs are down, no inflation! The Federal Reserve has a responsibility to cut rates for Americans. Powell is going to be faced with a big political pressure."
The Federal Reserve believes that the current economy has not fallen into a recession and does not need to stimulate demand through interest rate cuts.
Trump Inspects Fed Headquarters Renovation Site, Engages in Public Debate with Fed Chair Powell on Renovation Costs Issue, Trump Criticizes Budget Overrun, Powell Counters Trump by Pointing Out Trump's Inclusion of Completed Projects in Current Budget.