Powell just gambled big in Jackson Hole. Will it pay off? https://t.co/uQkKTM5kbP
Donald Trump has for months sought interest-rate cuts in spite of tariff-driven inflation. The president may soon get what he wants, for Jerome Powell struck a doveish tone at Jackson Hole https://t.co/CRs4jK2V1i
Powell just gambled big in Jackson Hole. Will it pay off? @grobb2000 https://t.co/yKbRsOq5QB via @MarketWatch
Former U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell for delaying interest rate cuts, stating that Powell should have reduced rates a year ago and that it is now too late for him to signal such cuts. Trump’s remarks came in response to Powell's recent speech at the Jackson Hole symposium, where the Fed Chair suggested the possibility of future rate reductions. Trump has repeatedly expressed dissatisfaction with the timing of the Fed's monetary policy decisions amid ongoing tariff-driven inflation concerns. Powell's dovish tone at Jackson Hole sparked a positive market reaction, raising questions about the effectiveness of this policy shift. Despite Powell's recent indication, Trump maintains that earlier intervention was necessary, underscoring tensions between the former president and the Federal Reserve's approach to interest rate management.