Squawk on the Street SOTS 2nd Hour: Fed Decision Day, “Too Late” Powell, & Israel-Iran Latest 6/18/25
Jun 18, 2025
Donald Trump, the 45th President and a prominent businessman, shares his candid perspective on the Federal Reserve, labeling Chair Powell as 'Too Late' and advocating for rate cuts. The conversation dives into the complexities of U.S. foreign policy in Iran and the notion that regime change is more wishful thinking than a viable strategy. Additionally, they discuss the Senate's recent crypto bill, the potential for the cryptocurrency market to thrive, and the impact of these economic policies on the market and employment.
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Trump's Critique of Fed Timing
- President Donald Trump criticizes Fed Chair Jerome Powell for being "too late" on rate cuts.
- Trump argues that interest rate cuts would save the U.S. hundreds of billions on debt costs.
Iran Strategy: Deal or Force
- Richard Haas advises giving Iran a final time-limited chance for a nuclear deal with relief from sanctions.
- He believes regime change is a wish, not a feasible strategy, emphasizing a focus on nuclear capabilities.
Fed's Balanced Approach to Rates
- Fed is likely to remain patient and on hold amid early easing signs but inflation risks persist.
- Rate cuts are expected by September if the labor market weakens, showcasing the Fed's two-sided risk management.