On April 22, Nick Timiraos, a reporter for The Wall Street Journal known as the "Fed whisperer," wrote that US President Trump signaled that if his trade war leads to economic weakness and the Federal Reserve does not quickly cut interest rates, he will blame the Federal Reserve.
In this process, he seems to be trying to undermine the legitimacy of this traditionally independent institution, potentially affecting its effectiveness.
In a social media post on Monday, Trump again repeated last week's request, urging the Federal Reserve to "cut rates immediately." He stated: "There is almost no inflation." And he criticized Federal Reserve Chairman Jerome Powell as "Mr. Too Late" and "a big loser." He also accused the Federal Reserve of cutting rates last fall to influence the 2024 US election.
