Trump "Talking to Powell seems like talking against a wall"…Criticism of interest rate policy

President Trump Who Is Continuously Pressuring Chairman Powell (Source: Bloomberg)

United States President Donald Trump Criticized Federal Reserve Chairman Jerome Powell Strongly In A White House Press Conference. President Trump Pointed Out That "Talking To Powell Is Like Talking To A Wall," Expressing His Dissatisfaction With His Interest Rate Policy.

Trump Continued, "Central Banks Of All Countries Including European Central Bank (ECB), China, Are Lowering Base Interest Rates. But Powell Is Always Slow." This Statement Reflects Trump's Perception That The United States Is Lagging Behind In Interest Rate Policy In Global Economic Competition.

He Has Been Consistently Demanding A Rate Cut From The Fed From The Past And Has Maintained The Position That The United States Also Needs A More Active Rate Cut In Line With The Easing Monetary Policy Of Other Major Economies.

Experts Warn That Such Remarks By Trump Could Lead To Controversy Over Interfering With The Fed's Independence, And Analyze That Political Pressure On The Fed's Future Monetary Policy Decisions Could Become More Intense.