BlockBeats News: On April 18th, CNN analyst Stephen Collinson stated that Trump once again fiercely criticized Federal Reserve Chairman Powell on Thursday, adding another cloud to the already volatile financial markets and economic outlook caused by tariffs and trade wars. Trump told reporters in the Oval Office, "If I want him to step down, he will have to leave soon, trust me. I am very dissatisfied with him
Trump is angry that Powell ignored his repeated calls for a quick rate cut. The interest rate cut would have made it easier for Americans to get loans to buy houses, boosting consumer confidence and boosting the stock market. The Federal Reserve cut interest rates three times in a row last year, after inflation had approached its target level. But against the backdrop of increasing economic uncertainty, the Federal Reserve has suspended this strategy, and these uncertainties have been further exacerbated by Trump's erratic leadership style in less than three months since taking office.
On Thursday morning, Trump seemed annoyed by Powell's warning the day before. Powell has stated that tariffs may lead to inflation and higher unemployment rates, with some of the costs' to be borne by the public '.
