President Donald Trump called on Federal Reserve Chair Jerome Powell to slash interest rates, reiterating his longstanding desire for the central bank to keep rates low to stoke consumer demand.
“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” Trump posted on Friday.
“Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months - A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!,” he added.
Powell is scheduled to speak Friday near Washington.
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