Former Vice President Mike Pence has voiced concerns about the Federal Reserve's policies, as former President Donald Trump ramped up his attacks on Fed Chairman Jerome Powell.
Pence stated he has long been concerned about the Fed's dual mandate of maintaining price stability and maximizing employment. He added, "I think the Fed should just focus on dollar stability."
On the other hand, Trump continues his scathing criticism of Powell, demanding interest rate cuts. Trump wrote on social media: "The Fed should quickly LOWER INTEREST RATES to reflect this strength. AMERICA SHOULD BE AT THE TOP. NO INFLATION!!"
Trump also criticized Powell regarding the renovation of the Fed headquarters, stating that if there's evidence Powell misled lawmakers on the issue, he should "immediately resign."
These statements come as the Federal Reserve faces increasing pressure to cut interest rates amid concerns about slowing economic growth. However, the Fed has so far resisted cutting rates, citing that inflation remains above its 2% target.
It's important to understand that these disagreements can impact investor confidence and may lead to market volatility. However, the Fed's decisions are ultimately data-driven, and are unlikely to be directly influenced by political pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
From Tuesday, 19 August 2025, key data releases include Canada’s July inflation at 12:30 GMT, expected to rise from 1.9% to 2.0% on base effects and firmer energy prices, and U.S. building permits, seen easing from 1.393 M to 1.390 M amid high borrowing costs.
Amid growing expectations of a September rate cut, Fed Chair Powell faces the challenge of managing market expectations and evaluating conflicting economic data. Will he resist the pressure or succumb to a rate cut?
This article highlights the recent surges in Bitcoin and Ethereum prices, fueled by expectations of interest rate cuts, positive inflation data, and increased institutional participation.
set cookie
