Trump Warns Fed Against Pre-Election Rate Cuts, Hints at Conditional Support for Powell Former President Donald Trump has cautioned Federal Reserve Chair Jay Powell against cutting interest rates before the November 2024 presidential election, despite acknowledging the possibility of such a move. In an interview with Bloomberg News, Trump stated he would allow Powell to complete his term if re-elected, provided Powell was “doing the right thing.” This statement addresses concerns in financial markets about potential politicization of the Fed under a second Trump presidency. Meanwhile, Powell has recently expressed increased confidence in inflation trending towards the Fed’s 2% target, fueling expectations of a rate cut in September, just weeks before the election. Trump’s comments highlight the delicate balance between monetary policy and political considerations in the run-up to the election. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts CBO Report: U.S. National Debt to Exceed $56 Trillion by 2034 READ MORE McDonald’s Reports Low-Income Consumers Struggling Amid Inflation READ MORE Gold Prices Rise on Fed Rate Cut Speculation Ahead of Key Meeting READ MORE German and Italian Gold Imports Linked to Amazon's Illicit Mining Boom READ MORE Core Fed Inflation Metric Surpasses Expectations, Rising 2.8% in March READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment