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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 newest inflation knowledge.
The launched client value index (CPI) knowledge for December confirmed that headline inflation rose 2.7% 12 months over 12 months, whereas core CPI rose 2.6%.
Though inflation stays above the Fed’s 2% long-run goal, the president mentioned he thinks it’s low sufficient to justify chopping rates of interest and reiterated his requires Powell to decrease them.
“We now have very low inflation. That may give ‘too late Powell’ the prospect to present us a pleasant, lovely, large charge lower,” Trump informed 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 likely 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 school means” of economics.
“That’s the best means. In the present day, for those who announce nice numbers, they increase rates of interest to attempt to kill it, so you’ll be able to by no means actually have the form of rally it’s best to have,” he says.
He forecasts that “we’re going to have a whole lot of nice months, a whole lot of nice quarters” and provides that he desires the market “to go up”.
TRUMP:
“I need the market to go up. You announce unbelievable numbers and the market goes down. They increase charges once 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 larger. 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 ‘Incorrect’ 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 tremendous what I’m doing,” Trump mentioned. “And we’ve a foul Fed particular person.”
Trump mentioned he thinks JPMorgan Chase CEO Jamie Dimon is flawed in saying it’s not an amazing thought 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 in all probability desires larger rates of interest. Perhaps he makes MORE MONEY that means.”
Trump would not take any BS 🔥🔥pic.twitter.com/QZ53kRrKnd
— Eric Daugherty (@EricLDaugh) January 13, 2026
“We should always have decrease charges. Jamie Dimon in all probability desires larger charges. Perhaps he makes extra money that means,” Trump mentioned.
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