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Trump Shares Claim He’s Crashing Stock Market ‘On Purpose’ As He Lobbies For Emergency Rate Cuts
https://www.forbes.com/sites/dereksaul/2025/04/04/trump-shares-claim-hes-crashing-stock-market-on-purpose-as-he-lobbies-for-emergency-rate-cuts/
The U.S. stock market is in a freefall after President Donald Trump announced his all encompassing tariffs earlier this week, and Trump is trying to crash the stock market on purpose—at least according to a video he reposted to social media Friday riddled with inaccuracies.
Trump directly called on the Fed to lower the target federal funds rate in a Friday social media post, writing: “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates.” Trump has repeatedly demanded for the politically independent Fed to acquiesce to his demands for lower rates dating back to his first presidential term. Powell did not seem interested in meeting Trump’s demands in prepared remarks Friday, observing: “While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.”
https://www.forbes.com/sites/dereksaul/2025/04/04/trump-shares-claim-hes-crashing-stock-market-on-purpose-as-he-lobbies-for-emergency-rate-cuts/
The U.S. stock market is in a freefall after President Donald Trump announced his all encompassing tariffs earlier this week, and Trump is trying to crash the stock market on purpose—at least according to a video he reposted to social media Friday riddled with inaccuracies.
Trump directly called on the Fed to lower the target federal funds rate in a Friday social media post, writing: “This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates.” Trump has repeatedly demanded for the politically independent Fed to acquiesce to his demands for lower rates dating back to his first presidential term. Powell did not seem interested in meeting Trump’s demands in prepared remarks Friday, observing: “While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.”
