Just ahead of Powell’s speech, President Donald Trump again called for the Fed to cut interest rates.
“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates,” Trump said in a Truth Social post Friday morning. Trump said that Chair Powell has always been “late” to cut rates in the past, but that the head of the central bank could now “change his image, and quickly.”
Trump said that it would be a “big win” for America if job growth was up even as energy prices, interest rates, and inflation were all lower, pointing to the fact that egg prices were down 69%.