Ross Gerber, the CEO of Gerber Kawasaki Wealth & Investment Management, is throwing his weight behind the Federal Reserve’s decision to hold the rates, while sharply criticizing President Donald Trump’s trade and tariff policies, alongside the fiscal expansion that is resulting in inflation.
What Happened: On Wednesday, in a post on X, Gerber said that Federal Reserve Chair Jerome Powell was “doing the right thing” by holding interest rates steady, while waiting to assess the full impact of Trump’s tariff.
Gerber argues that if Trump wants lower interest rates, he should avoid policies that actively stoke inflation, such as the inflationary tariff policy and the “One Big, Beautiful Bill,” which is set to push the fiscal deficit higher, along with the country’s debt.
The GOP bill that narrowly passed through the House in May comes with extensive tax cuts, alongside increased spending on defense, manufacturing, and infrastructure.
“If Trump wants lower rates, then he should stop working on …