President Trump just accused Fed Chair Powell of always being "late" to cut rates.
Despite markets pricing-in more rate cuts, Powell is saying he is willing to wait.
US stocks are extending losses.
Follow us @KobeissiLetter for real time analysis as this develops.
— The Kobeissi Letter (@KobeissiLetter) April 4, 2025
I think he is deflecting the blame on inflation, as inflation comes from the expansion of the money supply (and credit) beyond the productive capacity of the government, and it is his institution, the Fed, that deserves the blame for inflation, not tariffs. But he is correct…
— David Sommers (@dgsommersmkts) April 4, 2025
Truly incredible:
1. President Trump 10 minutes ago: Fed Chair Powell is always "late" to cut rates, "cut interest rates, Jerome, and stop playing politics!"
2. Fed Chair Powell now: It is "too soon" to determine the appropriate policy path.
Fed Chair Powell and President…
— The Kobeissi Letter (@KobeissiLetter) April 4, 2025