U.S. President Donald Trump on Thursday lashed out at Federal Reserve Chair Jerome Powell on Tuesday, calling him “Too Late and Wrong” over the central bank’s ongoing reluctance to cut interest rates, just as market forecasts increasingly price in a prolonged Fed pause.
What Happened: “The ECB is expected to cut interest rates for the 7th time,” Trump posted on social media. “And yet, ‘Too Late’ Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete ‘mess!'”
Trump’s tirade comes at a time when U.S. market participants, as tracked by Polymarket, are overwhelmingly betting on no change in the Fed’s policy stance for its upcoming May 7 meeting.
According …Full story available on Benzinga.com
Dogecoin Breaks Below Key Trendline, Triggers Heavy Memecoin Dump; Whats Next?
...
Read moreDetails
