January 23, 2025 ☼ Zettelkasten ☼ Automated Post
Screenshot of President Donald Trump says he’ll ‘demand that interest rates drop immediately’
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In additional news, President Donald Trump has voiced his intent to apply pressure on the Federal Reserve to decrease interest rates. Speaking at the World Economic Forum in Davos, Trump demanded that interest rates should drop without specifically naming the Fed. This follows his frequent criticism of Chair Jerome Powell and the Federal Reserve during his first term. Despite these comments, Trump does not possess statutory authority over the Fed. Meanwhile, the Fed has been criticized for downplaying the 2021 inflation surge as “temporary.” Trump puts the blame for the inflation crisis on former President Joe Biden’s “wasteful deficit spending.”#Finance #Investing #CreditCards #Loans #Mortgages #FederalReserve