US President Donald Trump has threatened to cut interest rates if the Federal Reserve doesn’t take action, amid growing concerns about the country’s economy. The warning came as data revealed a slowdown in economic growth, prompting worries about inflation and job security.
According to sources close to the White House, Trump wants to see the Fed reduce its borrowing costs to boost economic growth. However, experts caution that such a move could have unintended consequences on inflation and financial stability.
Trump’s comments come at a time when trade tensions with other countries are escalating, raising concerns about a potential trade war. The Fed has historically taken a cautious approach to monetary policy, but Trump’s push for rate cuts suggests he is willing to challenge conventional wisdom.
As the economic landscape becomes increasingly uncertain, investors and policymakers are watching closely to see how the Fed responds to Trump’s demands.
Source: https://www.ft.com/content/a4826fb1-6797-4c07-a889-207063d79879