Donald Trump turned to his social media platform on Friday to put pressure on Jerome Powell, imploring the president of the Federal Reserve to reduce interest rates in a fully heading tirade as a stock market slide since the announcement of the president’s tariff continued.
“It would be an ideal moment for the president of the Fed, Jerome Powell, to reduce interest rates. He is still” late “, but he could now change his image, and quickly,” Trump posted on Truth Social.
“Energy prices are decreasing, interest rates are down, inflation is decreasing, even eggs are down 69% and jobs are increasing, all within two months – a large victory for America. Cut interest rates, Jérôme and stop doing politics! ”
Trump’s position came while the S&P 500 fell 5% in the morning trade, leaving its worst day since Covid destroyed the world economy in 2020.
The industrial average of Dow Jones fell by 1,656 points, or 4.2%, at 10:50 am, Eastern time, and the NASDAQ composite was more than 5.5% lower, according to the Associated Press.
The president’s directive in Powell – The Federal Reserve operates independently – was not the only Trime Trump Trump had on Friday.
After China has equaled the great increase in Trump in prices in climbing trade war, Beijing has become the target of the president’s anger.
“China has played badly, they panicked – the only thing they can’t afford to do!” The president posted.
Thursday, the president said that the prices were going in particular despite the hard reaction of Wall Street to politics.
“I think it’s going very well. It was an operation, like when a patient is operated. It is a great thing. I said it would be exactly like that,” said Trump.
The Associated Press contributed to this report.
