Vice President JD Vance criticized the Fed.
"The Fed was completely asleep at the wheel. What happens if you fall asleep while driving? As President Trump has said, they were LATE in fighting inflation during the Biden administration, and now they are LATE in reducing interest rates."
The Trump administration is squeezing Powell from all sides.
The criticism that they were late in fighting inflation is also very accurate. The assumption that inflation was temporary was held for a long time in mid-2021. This led to the Fed starting interest rate hikes late.
If Powell stops politicking, he might return to his real agenda. #Powell #FED
"The Fed was completely asleep at the wheel. What happens if you fall asleep while driving? As President Trump has said, they were LATE in fighting inflation during the Biden administration, and now they are LATE in reducing interest rates."
The Trump administration is squeezing Powell from all sides.
The criticism that they were late in fighting inflation is also very accurate. The assumption that inflation was temporary was held for a long time in mid-2021. This led to the Fed starting interest rate hikes late.
If Powell stops politicking, he might return to his real agenda. #Powell #FED