In a recent update from COINOTAG News on April 22nd, notable financial journalist Nick Timiraos from the Wall Street Journal, often referred to as the “Fed Whisperer,” conveyed significant commentary regarding former President Trump’s stance on monetary policy. Trump has indicated that should his ongoing trade war precipitate an economic downturn, he plans to hold the Federal Reserve responsible for not enacting prompt interest rate cuts. This strategy appears to challenge the credibility of the Fed, a historically independent body, potentially jeopardizing its operational effectiveness.
In a social media statement, Trump reiterated his previous assertion demanding immediate action from the Fed, claiming there is “almost no inflation.” He has also levied criticism at Fed Chair Jerome Powell, referring to him as “Mr. Too Late” and questioning the timeliness of past rate cuts made last autumn, suggesting they were politically motivated ahead of the 2024 U.S. elections. This development underscores the intricate interplay between political maneuvering and monetary policy.