Summary
Donald Trump criticized the Federal Reserve and its chairman, Jerome Powell, after the central bank kept interest rates unchanged at 4.25%-4.5%.
Trump blamed the Fed for inflation and urged rate cuts to ease borrowing costs.
Powell defended the decision, citing economic uncertainty and reaffirming the Fed’s independence.
Trump’s economic plans, including tariffs and tax cuts, have raised inflation concerns.
Powell also addressed political pressure, including an order to cancel diversity programs and the Fed’s withdrawal from a climate-focused group, insisting decisions were not politically motivated.
This would hurt any country that holds large amounts of US debt like Japan and China.
You clearly do not understand how interconnected the global economy is.
That’s the idea. How else is the USA going to pay off 33 Trillion dollars of debt?
You named two countries. It would certainly have a global impact bit the USians would be hit hardest by far.