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Cheddar News
  • 9 months ago
President Trump intensified his criticism of Federal Reserve Chair Jerome Powell, labeling him a “major loser” and urging immediate interest rate cuts.

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00:00President Trump intensified his criticism of Federal Reserve Chair Jerome Powell,
00:04calling him a major loser and urging immediate interest rate cuts.
00:09These attacks unsettled financial markets Monday,
00:12leading to significant declines in major U.S. stock indices and a sharp drop in the dollar's value.
00:18Powell maintained the Fed's stance against premature rate cuts,
00:21emphasizing the importance of the central bank's independence,
00:25and cautioning against political interference.
00:27Economists and officials warned that undermining the Fed's autonomy
00:31could result in higher inflation and economic instability.
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