Fed Whisperer: Trump is Setting the Stage to Blame Powell for Any Economic Recession

BlockBeats News, April 22nd, Nick Timiraos, a Wall Street Journal reporter known as the "Fed Whisperer," wrote that President Trump signaled that if his trade war leads to an economic slowdown and the Fed does not cut interest rates quickly, he will blame the Fed.

Throughout this process, he appears to be trying to undermine the legitimacy of this historically independent institution, which could potentially affect its efficacy.

In a social media post on Monday, Trump reiterated last week's demand, urging the Fed to "cut rates now." He said, "There is almost no inflation," and criticized Fed Chair Jerome Powell as "Mr. Too Late" and "a big 'cut'." He also accused the Fed of lowering rates last autumn to influence the 2024 U.S. election.