Federal Reserve Messenger: Trump is paving the way for blaming Powell for any economic recession

BlockBeats News: On April 22nd, Nick Timiraos, a journalist from The Wall Street Journal known as the "voice tube" of the Federal Reserve, wrote that US President Trump has sent a signal that if his trade war leads to economic weakness and the Federal Reserve does not cut interest rates soon, he will blame the Federal Reserve. In this process, he also seems to be trying to weaken the legitimacy of this institution that has always maintained independence, which may affect its effectiveness. In a social media post on Monday, Trump reiterated last week's demand, urging the Federal Reserve to "immediately cut interest rates". He said, "There is almost no inflation." He criticized Federal Reserve Chairman Jerome Powell as "Mr. Too Late" and "a big loser. He also accused the Federal Reserve of cutting interest rates last fall in order to influence the 2024 US elections.