ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
Trump to demand lower rates
The new president, Donald Trump, is pushing for lower interest rates and has already started pressuring the Federal Reserve, making his stance clear.
Speaking to world leaders at the World Economic Forum in Davos, Trump did not mention the Fed by name, but his message was loud and clear: rate cuts are his priority. “I'll demand that interest rates drop immediately,” Trump said. “And, likewise, they should be dropping all over the world. Interest rates should follow us,” he added, leaving no room for doubt.
Experts saw this as the first sign of direct pressure on the Fed. There is no surprise, as during his first term, Trump had a rocky relationship with Federal Reserve officials. He frequently criticized Jerome Powell, the Fed chair he had appointed.
Markets reacted positively to Trump’s comments. The Dow Jones Industrial Average surged, and the yield on two-year Treasury bonds dipped slightly. The dollar, however, took a hit, dropping to a low of 107.56 points. The US dollar index fell 0.34%, trading at 107.77 points.
Trump expects the Fed to listen. He also hinted that he plans to have a timely conversation with Powell.
The Fed, meanwhile, has repeatedly emphasized its independence in making monetary policy decisions. Powell has insisted that the central bank does not act based on political considerations. It is worth noting that while Trump does not have direct legislative power over the Fed, he does have the authority to appoint members of its board of governors.
প্রকাশিত 29 January 2025
© InstaFintech Group
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© InstaFintech Group
