Key Takeaways
Trump Slams Powell’s Leadership: The president criticized Fed Chair Jerome Powell as “grossly incompetent,” arguing that high interest rates are holding back economic growth.
Push for Faster Rate Cuts: Trump wants aggressive rate reductions to stimulate investment and strengthen the U.S....
Secretary Bessent confirms formal process to replace Fed Chair Jerome Powell has begun.
“It’s President Trump’s decision and it will move at his speed,” Bessent says.
New Fed leadership could reshape interest rates, inflation strategy, and U.S. economic policy.
The Trump administration...
