Trump Criticizes High Interest Rates Again as US Treasury Yields Decline
According to Jinse Finance, U.S. Treasury yields have declined as Trump increased pressure on Powell, demanding significant interest rate cuts. Trump posted on the social media platform Truth Social, stating that the current federal funds rate is at least 3 percentage points too high. Trump is seeking a new candidate for Federal Reserve Chair and has made it clear that he wants someone whose views on monetary policy align with his own. CME data shows that the market generally expects the Federal Reserve to keep rates unchanged at its meeting later this month. Traders are mainly betting that the Fed will cut rates by 25 basis points at the September meeting. Against this backdrop, U.S. Treasury yields are set to end their previous five-day streak of gains.
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