On May 7, Trump launched his first attack on the Federal Reserve since taking office in January, demanding that they "immediately lower interest rates" and hinting that "I understand rates better than Powell".
At the January Federal Reserve meeting, Powell emphasized that he was not in a hurry to lower rates, and Trump immediately criticized him on social media, saying that Powell and the Federal Reserve failed to prevent the inflation they created.
In March, Trump again called out Powell on social media, stating that as U.S. tariffs gradually begin to affect the economy, it would be better for the Federal Reserve to lower interest rates. Do the right thing!
In early April, Trump called on Powell: Lower rates, stop playing politics! For Powell, now is the best time to lower rates. Powell is always too late to act.
On April 17, Trump criticized Powell on social media, saying Powell's actions were "too slow" and that he always acts too late and makes wrong decisions. Powell could not be fired fast enough!
On April 18, Trump again emphasized that he was not satisfied with Powell, believing he was "playing politics", and said he believed Powell would resign at his request, but also stated that he did not regret nominating Powell.
On April 21, Trump mocked Powell as "Mr. Too Late" and "a big loser", believing Powell always arrives late. Trump stated that inflation was almost non-existent and called on Powell to lower rates quickly.
On April 22, Trump's attitude made a 180-degree turn, saying he had no plans to fire Powell and that the media always makes a mess of things. He also stated that now was the perfect time for the Federal Reserve to lower rates, hoping Powell would lower rates early or on time, not too late.
On April 24, Trump reiterated that the Federal Reserve should lower rates, hoping they would do so, and again criticized their slow action.
On April 29, Trump boasted about his 100-day achievements, claiming to understand rates better than the Federal Reserve chairman and criticizing the poor performance of Federal Reserve officials.
On May 2, after the non-farm payroll report, Trump again called for rate cuts, saying tariffs brought in billions of dollars and were only in a transitional phase, and that the Federal Reserve should lower rates.
On May 4, in an interview, Trump clearly stated for the first time that he would not consider removing Powell before his term ends in 2026, while reiterating that the Federal Reserve should lower rates. Small U.S. businesses do not need any relief.
On May 7, as the Federal Reserve is about to announce its rate resolution, the market generally expects it to remain unchanged, and Trump may once again launch a fierce attack on Powell. (Jinshi)
