President Donald Trump announced plans to force the Federal Reserve into cutting interest rates immediately during his speech at the World Economic Forum in Davos. Trump's statement puts him in potential conflict with Fed Chair Jay Powell, who has emphasized the importance of the central bank's independence. Trump has previously criticized Powell's decisions, and traders anticipate the possibility of rate cuts as early as June. Trump also blamed the Biden administration for the current inflation crisis, while also touting a $100 billion joint venture named Stargate to develop AI infrastructure in the US. Larry Fink, CEO of BlackRock, expressed cautious optimism about the project but warned about potential inflationary pressures and higher interest rates.



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