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The article focused on U.S. President Donald Trump's reaction to the Federal Reserve's decision to raise interest rates by 25 basis points to combat inflation. Despite expressing his anger, Trump showed confidence in Chairman Jerome Powell, whom he personally appointed. Trump criticized the rate hike, which reflects ongoing increases in inflation, even though the Fed indicated that inflation remains high and requires additional measures. The article also mentioned that Trump might publicly attack Powell in the future if inflation continues to rise, believing that the decision serves political interests ahead of the elections, despite statements emphasizing the Fed's independence. It clarified that inflation is primarily due to geopolitical tensions and the costs of oil and gas, rather than solely monetary policy, and that the central bank’s decisions could lead to higher financing costs and increased interest rates on loans without actually reducing inflation.
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