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US President Donald Trump is as soon as once more calling for Federal Reserve Chair Jerome Powell to decrease rates of interest after the most recent inflation knowledge.
The launched client worth index (CPI) knowledge for December confirmed that headline inflation rose 2.7% yr over yr, whereas core CPI rose 2.6%.
Regardless that inflation stays above the Fed’s 2% long-run goal, the president mentioned he thinks it’s low sufficient to justify reducing rates of interest and reiterated his requires Powell to decrease them.
“We’ve got very low inflation. That may give ‘too late Powell’ the possibility to offer us a pleasant, lovely, massive fee lower,” Trump advised reporters earlier than departing Washington for an financial occasion in Detroit.
Throughout his speech in Detroit, Trump mentioned that mortgage charges are declining and “that’s not with the assistance of the Fed.”
“If I had the assistance of the Fed, it could be simpler, however that jerk will probably be gone quickly,” Trump mentioned of Powell. He later added that “when the market goes up, they need to decrease charges.”
Trump describes Fed chair Jerome Powell as “an actual stiff” and says he desires to return to “the old style manner” of economics.
“That’s the suitable manner. At present, in case you announce nice numbers, they elevate rates of interest to try to kill it, so you possibly can by no means actually have the type of rally it is best to have,” he says.
He forecasts that “we’re going to have loads of nice months, loads of nice quarters” and provides that he desires the market “to go up”.
TRUMP:
“I would like the market to go up. You announce unbelievable numbers and the market goes down. They elevate charges after we get excellent news. When there’s excellent news, the market ought to go up.”
Appears apparent that Trump deeply cares about asset costs going increased. pic.twitter.com/oY8imNM58U
— amit (@amitisinvesting) January 13, 2026
Trump says he desires somebody to steer the Fed who “when the market is doing nice, rates of interest can go down.”
Trump Says JPMorgan’s CEO Jamie Dimon ‘Flawed’ To Criticize DOJ
US President Donald Trump dismissed Jamie Dimon’s criticism over the Justice Division probe into the Fed, saying the JPMorgan Chase & Co chief government officer was “flawed” to counsel he was undermining the independence of the central financial institution.
“I believe it’s advantageous what I’m doing,” Trump mentioned. “And we have now a foul Fed individual.”
Trump mentioned he thinks JPMorgan Chase CEO Jamie Dimon is flawed in saying it’s not an excellent concept to chip away on the Federal Reserve’s independence by going after Chair Jerome Powell.
🚨 WOW! President Trump FIRES BACK at JPMorgan CEO Jamie Dimon for opposing Trump’s assaults on Jerome Powell
“Jamie Dimon most likely desires increased rates of interest. Perhaps he makes MORE MONEY that manner.”
Trump does not take any BS 🔥🔥pic.twitter.com/QZ53kRrKnd
— Eric Daugherty (@EricLDaugh) January 13, 2026
“We must always have decrease charges. Jamie Dimon most likely desires increased charges. Perhaps he makes more cash that manner,” Trump mentioned.
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