BREAKING: Donald Trump Again Makes Harsh Comments About the Fed and Jerome Powell - Details

U.S. President Donald Trump, in a statement made on the Truth Social platform, reiterated the call for the FED to cut interest rates. President Trump: "There is no inflation, gas, energy, groceries, and almost everything is falling! The Fed should cut rates like Europe and China. What is happening with 'Mr. Powell too late'? This is really unfair at a time when America is ready to bloom!" The prospect of cutting down the whales that Trump has long desired has returned to the agenda with the agreement on tariffs reduction achieved between the United States and China within 90 days. According to the agreement, the 145 percent tariff imposed on China has been reduced by 115 percent. This development has strengthened expectations that inflationary pressures may ease and trade relations may cool down.

Trump, who has pressured the Fed to lower interest rates since taking office, previously hinted at firing Fed Chairman Jerome Powell when he opposed. Interest rates are currently between 4.25 and 4.5 percent. However, Powell has yet to change policy so far despite pressure from the White House. The Fed's hesitation in cutting interest rates largely stems from uncertainty in the economic outlook. One of the main reasons for this uncertainty is the Trump administration's tariff policy, especially towards China. Higher tariffs risk pushing consumer prices up by increasing costs for importers and exporters. However, the latest agreement indicates that a more peaceful dialogue process may be initiated not only with China but also with other trade partners. According to experts, the temporary cutting down the whales on taxes could create a new direction not only for the market but also for the pressure on the Fed's interest rate policy.