Part 2/11:
Trump’s latest calls include urgent appeals for the Federal Reserve to cut interest rates immediately, asserting that there is “virtually no inflation” in the country—claims that are met with skepticism from economists and market analysts alike. He has taken to social media, particularly Truth Social, to pressure Powell directly, calling him “Mr. Too Late” and warning that unless Powell "a major loser" reduces rates, the slowing of the economy is imminent. These comments have not been mere whispers; they have had tangible effects on the markets, with the S&P 500 losing nearly $700 billion in market capitalization since Trump’s aggressive messaging began.