NVIDIA CorporationImpact on stocks 1
NVIDIA CorporationPresident Donald Trump criticized the Federal Reserve's board members as political and having bad intentions, while calling for lower interest rates to achieve GDP growth of 8% to 12%. Speaking to reporters on Air Force One, Trump said, "Kevin's fantastic, but he's got a board, and the board members are very political.... You need the consent of some people that have perhaps bad intentions. Rates should be lowered. This country could be at 8%, 9%, 10%, 12% GDP. That's what it should be." The remarks continue Trump's pattern of pressuring the Fed, now chaired by his appointee Kevin Warsh, to cut rates despite inflation running at a three-year high of 4.2% in May, driven by his tariff policies and the Iran war's disruption of oil shipments through the Strait of Hormuz.
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