Quarter-Point Rate Cut Not Enough, Says US President Donald Trump; Calls Jerome Powell A 'Deadhead'

US President Donald Trump expressed dissatisfaction with the recent quarter-point interest rate cut, stating that it is not sufficient. He criticized Federal Reserve Chairman Jerome Powell, referring to him as a "deadhead." This remark highlights Trump's ongoing frustration with the Fed's monetary policy decisions, which he believes should be more aggressive in stimulating economic growth. In a separate context, Trump has been active in discussions regarding various economic policies. He recently signaled a potential move to eliminate taxes on gambling winnings, indicating that he is considering this change but has yet to finalize any decisions. This proposal reflects his broader approach to tax reform and economic incentives. Additionally, the Trump administration has announced new visa curbs aimed at securing US citizenship for newborns. This policy change is part of a broader effort to tighten immigration regulations and reflects the administration's ongoing focus on immigration issues. In another area of governance, Trump signed an order seeking to limit state-level regulation of artificial intelligence (AI). This action is part of his administration's strategy to foster innovation while managing the regulatory landscape surrounding emerging technologies. Each of these actions underscores Trump's active engagement in shaping economic and regulatory policies during his presidency.