John Authers, Columnist

If Anyone Needs Independence Day, It's the Fed

Lighten up the pressure on Powell. Trump has a point on lower rates, but not 1%.

July 1, 2025 at 4:00 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

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President Donald Trump wants us to know that his opinions on monetary policy differ from those currently in charge of the Federal Reserve. On Truth Social, he has posted this: