Fed’s Refusal to Cut Rates is “Monetary Malpractice,” Says Trump Ally

President Trump isn’t the only one criticizing Federal Reserve Chairman Jerome Powell. Renowned investor and Trump ally, Peter Vance, has joined in on the bashing, accusing the Fed of committing “monetary malpractice” by not cutting interest rates.

In an interview with CNBC, Vance expressed his frustration with the Fed’s decision to keep interest rates steady, stating that it goes against basic economic principles. He argued that with inflation remaining low and economic indicators showing signs of a slowdown, the Fed should be lowering rates to stimulate growth.

Vance’s comments come amidst growing pressure from the White House for the Fed to cut rates. Trump has been vocal about his disapproval of Powell and the Fed’s policies, claiming that they are hindering economic growth. While the Fed has maintained its independence from political influence, the criticism has raised concerns about the central bank’s credibility and its ability to effectively manage monetary policy.

As a retail investor, it’s important to pay attention to the actions and statements of influential figures like Vance and Trump. While their opinions may be controversial, they have the power to sway markets and impact your investments. It’s also crucial to stay informed about the Fed’s decisions and how they may affect the economy and your portfolio. Keep an eye out for any potential changes in interest rates and be prepared to adjust your investment strategy accordingly.

In conclusion, the recent comments from Vance and Trump add to the ongoing debate surrounding the Fed’s policies. As a retail investor, it’s important to stay informed and make educated decisions based on market trends and economic indicators. While it’s easy to get caught up in the drama of political bickering, remember to focus on what’s important for your investments and make moves that align with your financial goals.