‘Cut Interest Rates, Jerome’: Trump Lashes Out as Stocks Tumble

U.S. President Donald Trump’s trade war has unleashed turmoil across Wall Street, with leading stock indices enduring steep declines unmatched since the dramatic downturn of March 11, 2020, when the pandemic first took hold. In response to the mounting financial distress, Federal Reserve Chair Jerome Powell addressed the situation, outlining the extent of the economic fallout. Shortly after his remarks, Trump declared it an ideal moment for the central bank to cut interest rates.

“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” the President stated on Truth Social. “Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months.”

Trump added:

A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!

As of 3 p.m. Eastern Time on Friday, the Nasdaq Composite had declined 5.33%, the NYSE was down nearly 6%, the Dow Jones Industrial Average had dropped more than 2,000 points or 5%, and the S&P 500 had fallen 5.14%. Yields on 10-year Treasury notes slipped five basis points to 3.98%. Meanwhile, gold—a traditional safe haven—faltered, losing 2.9% of its value. Bitcoin ( BTC), in contrast, stood out from the turmoil, climbing 2% during the global financial rout. For now, BTC appears to be acting as a buffer against the broader downturn.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。