"Too Little, Too Late": Jerome Powell Refuses to Cut Rates during Trump's Administration

I think the Fed will cut by 0.25% later this month, but that's too little, too late. They should have cut in March, May, June, and July. At least 0.25% at each of those four meetings. I wouldn’t be satisfied with anything less than a full percentage point cut when they meet on Sep 16-17. The truth is that since President Trump took office in January, CPI inflation has been 1.9% annualized.

Under any other president, the Fed would be cutting aggressively given how far inflation has fallen. But because it’s a guy named "Trump," and because they’ve spread panic over tariffs, they refuse to do the right thing—and homeowners and business owners are paying the price with these high rates.