Trump's frustration with Fed's interest rate policy
President Donald Trump is furious that the Federal Reserve won't cut interest rates like the European Central Bank (ECB). He criticized Fed Chairman Jerome Powell and compared the Fed unfavorably to the ECB. Trump believes that the Fed should have lowered interest rates long ago and should do so now. However, economists point out that the circumstances for the central banks and their respective economies are different. The U.S. economy has been growing stronger than the eurozone, and the Fed faces stickier inflation and uncertainty over the impact of Trump's tariffs. The ECB, on the other hand, is more concerned about the impact of trade tensions on growth and expects inflation to continue declining. Trump's frustration with the Fed's interest rate policy reflects his desire for more aggressive rate cuts to stimulate economic growth.