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Donald Trump is not happy with Jerome Powell.
Trump called him out over recent comments he made that sent the stock market lower.
Trump said Powell is “always TOO LATE AND WRONG” and that “Powell’s termination cannot come fast enough!”
The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!
Inflation fell lower than expected in March.
The 12-month inflation rate hit 2.4%, down from 2.8% in February.
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday.
The consumer price index, a broad measure of goods and services costs across the U.S. economy, fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.
Excluding food and energy, so-called core inflation ran at a 2.8% annual rate, having increased 0.1% for the month. That was the lowest rate for core inflation since March 2021.
Wall Street had been looking for headline inflation of 2.6% and core at 3%, according to the Dow Jones consensus.
Time to cut rates!