From Yahoo Finance: 2025-06-12 15:34:00

President Donald Trump has criticized Fed chairman Jerome Powell, calling him a “numbskull” and threatening to force the Fed to change interest rates. Trump wants Powell to cut rates by a whole percentage point to reduce America’s debt costs. Despite previous threats, Trump now claims he is not preparing to fire Powell. The Fed will meet next week to decide on interest rates, with Powell citing economic uncertainty due to Trump’s trade war. Trump’s aggressive tariffs are expected to increase inflation, although recent data shows a slight uptick to 2.4%. Bond investors were previously spooked by Trump’s threats to the Fed’s independence.



Read more at Yahoo Finance: Trump ‘may have to force’ Fed on interest rate cuts