“With these costs, tending so well, just what I predicted that they would do, there can hardly be inflation, but there may be a slowdown of the economy unless the Lord too late, a great loser, lower interest rates, now,” Trump said in a publication in Truth Social.
The US actions, which opened down the concern of investors for Trump’s escalation to Powell, expanded their declines after the president’s publication. The S&P 500 referential index remained 2% in the session.
The expectant attitude of the Fed on the rates has enraged Trump.
On Friday, an advisor to the president said the Administration is studying options to fire Powell, and fed concerns about the autonomy of the Central Bank and shook investors who deal with an increasingly intense commercial war.
