"Where is the Federal Reserve Chairman, Jerome "Too Late" Powell, today? He should be dropping interest rates, IMMEDIATELY, not waiting for the next meeting! Trump seems to be appealing to Powell for intervention as oil prices spiralled higher yesterday, once again hitting $100 a barrel."
"The president also signalled that increasing oil prices are less of a concern to him than dismantling the Iranian regime. On Truth Social last night, he noted that the U.S. "makes a lot of money" when oil prices go up, but said, "of far greater importance ... is stopping an evil empire, Iran, from having nuclear weapons, and destroying the Middle East and, indeed, the world.""
"If Powell were to cut rates, it would theoretically reduce some household and operational costs by making borrowing cheaper. In reality, for households hoping to reduce their overheads by securing cheaper mortgage rates, it takes considerably longer for a lower rate to trickle through."
President Trump is urging Federal Reserve Chairman Jerome Powell to cut interest rates immediately, citing rising oil prices hitting $100 per barrel due to U.S. and Israeli military action in Iran. Wall Street analysts believe rate cuts in 2026 are increasingly unlikely due to inflation pressures from elevated energy costs. Trump argues that rate cuts would reduce household and operational costs through cheaper borrowing, though mortgage rate reductions take considerable time to materialize. The president prioritizes stopping Iran's nuclear capabilities over oil price concerns, stating the U.S. benefits financially from higher oil prices. The Federal Open Market Committee meets next week with markets expecting a rate hold, with CME FedWatch tracking over 99% probability of no change this month.
#federal-reserve-policy #interest-rates #oil-prices-and-inflation #middle-east-conflict #trump-administration
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