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Trump criticizes Powell again: even the CEO of JPMorgan says interest rates should be lowered.
[Coin World] On December 3rd, Trump has fired again.
This time the target is still aimed at the Federal Reserve, that person—he said even JPMorgan's boss Dimon couldn't stand it anymore and felt that interest rates should be lowered. Old Trump’s original words were quite straightforward: “The chairman of the Federal Reserve should lower the interest rates.”
This attitude, a familiar formula. Powell's ears must be calloused from listening, but those folks on Wall Street are all ears—after all, if interest rates loosen, liquidity will follow, which is no small matter for risk assets.