Former US President Donald Trump has once again taken aim at the Federal Reserve, accusing the central bank of mishandling monetary policy and contributing to recent market volatility. In a characteristically blunt statement, Trump claimed the Fed's decisions were "hurting the economy" and demanded immediate action.
Trump's Explosive Comments
The outspoken billionaire didn't mince words in his critique of Fed Chair Jerome Powell, suggesting the institution had "lost control" of the situation. "They're raising rates too fast when they should be cutting," Trump asserted, echoing his frequent criticisms during his presidency.
Market Reactions
Financial analysts noted increased turbulence in Asian markets following Trump's remarks, with particular pressure on banking stocks. Experts suggest such high-profile interventions can create additional uncertainty for investors already grappling with inflation concerns.
Historical Context
This isn't the first time Trump has clashed with the Federal Reserve. During his administration, he repeatedly broke with presidential tradition by publicly pressuring the supposedly independent institution over interest rate decisions.
Economic observers warn that such political interventions risk undermining confidence in central bank independence, potentially creating longer-term stability issues for global markets.
