Trump Criticizes Powell in Viral Tweet Amid Calls for Interest Rate Cuts from Fannie Mae and Freddie Mac Regulators

On June 19, former U.S. President Donald Trump publicly criticized Federal Reserve Chair Jerome Powell via social media, labeling him as detrimental to the U.S. economy. Trump’s statement, “Too Late Mr.”, emphasized his view that Powell’s policies are causing significant financial harm, quantifying the impact in the tens of billions of dollars. This commentary coincided with a shared article highlighting recommendations from regulators overseeing Fannie Mae and Freddie Mac, who urged Powell to consider lowering interest rates or stepping down from his position. The discourse underscores ongoing debates within financial circles regarding monetary policy and its implications for market stability and economic growth. Investors and market analysts are closely monitoring these developments, as any shift in interest rate strategy could influence capital flows and asset valuations, including those within the cryptocurrency sector.