Donald Trump Makes Criticisms About the U.S. Economy – Once Again He Targets Powell

U.S. President Donald Trump and Fed official Thomas Barkin simultaneously made statements criticizing both domestic and foreign policies. While calling for the Fed to cut interest rates, Trump issued notable warnings about the Ukraine-Russia conflict and shared developments related to a series of trade agreements. Trump believes that the Fed should cut interest rates and stated that Fed Chairman Jerome Powell has been slow to address this issue. Richmond Fed Chairman, Thomas Barkin, has given an indirect response regarding interest rate policy. Mr. Barkin stated that they do not expect high inflation pressures like in 2022 to return, but noted that tariffs could create new price pressures. He added that the final tariff levels have not yet been finalized. Regarding foreign policy, Trump mentioned the war between Russia and Ukraine, warning that if the two sides do not reach an agreement within 50 days, there could be "catastrophic consequences." He also warned Ukrainian President Zelensky that he "should not target Moscow." Trump emphasized that he does not take sides, stating that "My goal is to prevent killing." Trump declared that the United States would impose a 19% tariff on Indonesia under a trade agreement being negotiated, but U.S. exporters would not have to pay any tariffs. He also stated that the United States would allow comprehensive access to the Indonesian market. He noted that Indonesia possesses valuable resources such as rare earth elements. Trump announced that new tariffs are being imposed on Brazil, while stating that negotiations with the European Union are ongoing and he believes the outcome will please everyone. He also mentioned that new agreements with India, which will open up market access opportunities, will be announced soon.