Golden Ten Finishing: 180° Change of Attitude? Let's take a look at Trump's recent statements to Powell

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  1. January: Trump challenged the Fed for the first time since taking office, demanding that the Fed “cut interest rates immediately” and hinting: I know interest rates better than Powell. 2. January Fed Meeting: Powell stressed that there is no rush to cut interest rates, and Trump immediately criticized on social platforms: Powell and the Fed failed to stop the inflation problems they created. 3. March of this year: Trump once again shouted Powell on social platforms: With the US tariffs (gradually!) began to affect the economy, and it would be much better for the Fed to cut interest rates. Do the right thing! 4. At the beginning of April this year: Trump shouted to Powell: cut interest rates, stop playing politics! For Powell, now is the perfect time to cut interest rates. Powell always acted too late. 5. April 17: Trump criticizes Powell on social platforms: Powell is “too slow”, he always acts too late and makes wrong decisions. Powell couldn’t have been fired faster! 6. April 18: Trump reiterates that he is not satisfied with Powell, believing that Powell is “playing politics” and that he believes Powell will leave at his request, but Trump also says that he does not regret nominating Powell. 7. April 21: Trump mocked Powell on social media as “Mr. Too Late” and “a big loser”, arguing that Powell was always ‘late’. He said that inflation is almost non-existent and called on Powell to cut interest rates as soon as possible. 8. April 22: Trump has a 180° turnaround, saying that there are no plans to fire Powell, and that the media is always making a mess of things. He said that now is the perfect time for the Fed to cut interest rates, and hopes that Powell will cut rates earlier or on time, not too late.
TRUMP-6.07%
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