Odaily Planet Daily News: Nick Timiraos, a reporter for the Wall Street Journal, who is known as the "Federal Reserve's mouthpiece," wrote that US President Trump has signaled that if his trade war leads to economic weakness and the Fed does not cut interest rates soon, he will blame the Fed.
In the process, he also seems to be trying to undermine the legitimacy of this institution that has always maintained its independence, which may affect its effectiveness.
In a social media post on Monday, Trump repeated last week's request, urging the Fed to "cut interest rates immediately." He said: "There is almost no inflation." And criticized Federal Reserve Chairman Jerome Powell as "Mr. Too Late" and "a big loser." He also accused the Fed of cutting interest rates last fall in order to influence the 2024 US election. (Wall Street Journal)