TRUMP'S "MR. TOO LATE" LABEL MAY STICK EVEN IF FED'S POWELL
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Updated at: a day ago
{"content":"TRUMP'S "MR. TOO LATE" LABEL MAY STICK EVEN IF FED'S POWELL WINS THE WAR!
Trump's "Mr. Too Late" label for Federal Reserve Chair Jerome Powell stems from the latter's decision not to cut interest rates immediately. Trump believes inflation has been conquered and wants the Fed to slash rates now. However, Powell is cautious, citing uncertainty around the economy and potential risks of premature rate cuts.
Why Powell Might Be Considered "Mr. Too Late"
Historical Precedent: The Federal Reserve has a history of being late to react to economic changes, as seen in the 1970s with stagflation and during the 2008 housing crisis.
Economic Indicators: Some experts argue that waiting for labor market data to confirm economic slowdowns means the Fed will likely be too late to respond effectively.
Tie to Economic Performance: If the economy slows down significantly due to delayed rate cuts, Powell's decision might be seen as a contributing factor.
*Potential Consequences*
- *Economic Instability*: Delayed rate cuts could lead to economic instability if the slowdown worsens.
Market Volatility: Uncertainty around the Fed's actions can cause market fluctuations.
Expert Opinions
- Economist Dan North notes that the Fed tends to wait and often ends up being late in their response, which can lead to adverse economic outcomes.
- Joseph LaVorgna, former advisor to Trump, believes the Fed's reliance on lagging labor market data means they'll likely miss the mark again .#AltcoinSeasonComing #AltcoinTrade #CryptoComeback #TRUMP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/11/a2239a703da147c7b096951da3e4619a.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}