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Flipping out faster than flipping a book? Trump once again blasts Powell: Not lowering interest rates is a mistake!
① The President of the USA, Trump, criticized Federal Reserve Chairman Powell again on Wednesday, accusing him of keeping interest rates too high and expressing that he might give him a call. ② Trump has recently criticized Powell multiple times and has not ruled out the possibility of firing Powell, but reportedly the Secretary of the Treasury and the Secretary of Commerce advised him against it.
Harmack stated: The Federal Reserve should continue to reduce its balance sheet, and the MMF policy needs to remain stable.
Harmack stated on Wednesday that the current situation still supports the Federal Reserve's continued reduction of its balance sheet. In the face of significant uncertainty, now is not the time to change MMF policy.
