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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Trump: The Fed should follow the ECB's lead in cutting interest rates, Powell is moving too slowly
BlockBeats News, on April 17, Trump posted on Truth Social that the ECB is expected to cut interest rates for the seventh time, but Fed Chairman Jerome Powell's action is "too late", he always acts too late and makes wrong decisions. Yesterday's remarks were another typical, downright "mess", with oil prices falling, grocery prices falling, and the United States is profiting handsomely from tariffs. The Fed is long overdue for lowering interest rates, as the ECB did. This should have been done a long time ago, and now the Fed should definitely lower interest rates. Powell's dismissal couldn't have been overstated.