00:00President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome
00:04Powell, urging the central bank to implement a full percentage point interest rate cut.
00:09The president's argument being that current economic conditions, characterized by low
00:13inflation and declining energy costs, warrant immediate action in order to prevent a slowdown.
00:20In contrast, Powell maintains the Fed's decisions are based on economic data and not political
00:25pressure, emphasizing the importance of the independence of the central bank.
Comments