Let me first put the question to you: Is Trump right to pressure Jerome Powell to cut the Federal Funds Rate?
I donot think so!
From what I'm seeing in the current outlook for the US economy, inflation are above the 2% target... CPI-U is at 2.7% and Core CPI at approximately 3.1% over the last 12 months. Am I right? Correct me if my sources are lying.
But, In other words... even if its not a chaotic scenario (yet), inflation still persists at a very moderate rate, and to make matters worse, the labor market is also showing signs of slowing job creation... all of this raises great concern about Trump's ability to create economic stability.
I think Jerome Powell's leadership of the Fed is quite prudent amid so much short-term uncertainty, even if it doesn't please Trump because if they cut rates now, I think it would further stimulate an increase in inflation, especially with the delayed effect of the tariffs that are still very present in the US economy.
I'm not american, but my payment here is in fixed U$
