Donald Trump called Federal Reserve Chair Jerome Powell a “stubborn MORON.” He urged the Fed board to take control of interest rates if Powell refuses to cut them. Trump said, “IF HE CONTINUES TO REFUSE, THE BOARD SHOULD ASSUME CONTROL, AND DO WHAT EVERYONE KNOWS HAS TO BE DONE!”
https://www.reuters.com/world/us/trump-fed-board-should-assume-control-if-powell-wont-lower-interest-rates-2025-08-01/
Powell had to wait until something broke. Today’s job revisions were a disaster and justify cutting rates now. Inflation has dropped sharply, removing reasons to delay.
Huge drop in inflation!
With inflation at this level, there is no excuse to postpone cuts.
Powell needs to put his ego aside and act NOW.
CC: @DataRepublican, @EricLDaugh, @SecScottBessent, @APompliano, @spomboy. pic.twitter.com/oo8Y8pDe4P
— Truflation (@truflation) August 1, 2025
Goldman Sachs warned that global credit spreads are at their lowest since 2007. They told investors to be cautious and protect themselves.
https://www.markets.com/news/goldman-sachs-credit-strategists-urge-hedging-against-complacency-514-en-EU/
Two Fed officials said the job market looks weak and inflation is near target. They want faster rate cuts.
https://www.barrons.com/articles/fed-bowman-waller-rates-dissent-715b1e5b/
The mix of Trump’s demands, market worries, and poor jobs data puts pressure on the Fed. Powell needs to set his ego aside and act now.