Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
US Federal Reserve Chairman Jerome Powell expects a speech during the conference, marking the 75th anniversary of the Federal Reserve Finance Department in Washington, June 2, 2025.
Andrew Cabalera-Rinold | AFP | Gets the image
President Donald Trump torn Federal Reserve Chair Jerom Powell As a “number” on Thursday when he was subjected to heat on Central Bank The main one for reducing interest rates.
Trump said at the White House that a two percentage level decrease will save $ 600 billion a year, “but we can’t make this guy do it.”
“We are going to spend $ 600 billion a year, $ 600 billion from the one number sitting here (and says)” I don’t see a sufficient reason to decide the rates now, “Trump said.
Trump added that he has everything in order when inflation rises.
“But it’s down,” he said, “and I may have to make something.”
Trump’s insult occurred a few hours after the Labor Division reported this American prices for manufacturers In May, less economists grew.
The fact that other recent economic readings have reassured some fears about the sudden inflation tariff combination-and galvanized Trump and its allies to increase the pressure on the Fed.
Trump’s last attack on Powell was the third time in two days when his administration member sent to the Central Bank leader.
The secretary of trade Howard Lutnik said on Wednesday night: “Incredibly how much we would keep if (Powell) did his job and he reduced his interest rates.”
“The economy is ready for it. It’s simple. Inflation is low,” Lutnik said at Fox News. “Come on. He must soon do his job.”
Earlier Wednesday Vice President JD Vance wrote in a Message in social media“The refusal of the Fed to cut rates is a monetary violation.”
This is conducting the news. Please update updates.
