"There is no reason to raise interest rates at all!" Trump publicly "attacks" the Fed's tightening expectations. Will the new chairman Powell soon face a baptism of fire?
According to the Securities Times APP, faced with the far exceeding expectations of the US May employment report, US President Trump once again publicly pressured the Federal Reserve, explicitly requesting a rate cut instead of a rate hike. This statement, in contrast with the tightening expectations in the financial markets due to strong labor data, has created a rare confrontation, putting the newly appointed Federal Reserve Chairman Kevin Wash, who is about to preside over his first interest rate meeting after taking office, in a dilemma between economic reality and political pressure.
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