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US President Donald Trump, Jerome Powell, chairman of the US Federal Reserve.
Win McNamee | Kevin Lamark | Reuters
President Donald Trump on Thursday again called on the federal reserve system to reduce the rates and even hinted at the “termination” of the chairman Jerome Powell.
In the truth social postTrump said:
“It is expected that the ECB will reduce interest rates for the 7th time, and nevertheless,” too late “Jerome Powell of the Fed, which is always too late and wrong, yesterday issued a report that was another, and typical, full”! “Oil prices are declining, products (even eggs!) Decrease, and the United States will get rich on tariffs, which should be too late as it is, like the ECB, has long been lowering them.
Indeed, the European Central Bank lowers rates because it tries to increase growth in the region. ECB reduced bets Again later on Thursday.
Of course, a high -ranking White House official said CNBC that this post should not be regarded as a threat to Powell’s fire, but as a restoration of Trump’s disappointments with the Fed.
The post comes through the day after the Powell speaking with a speech In the Chicago Economic Club, in which he noted that the administration tariffs put the Central Bank in a difficult place if it decides whether to tame inflation or increase growth.
“If this happened, we would have considered how far the economy is from every goal, and potentially different temporary horizons, which will be assumed that these gaps would be closed,” Powell said. These comments made a steep sale on Wednesday.
This is not the first time Trump criticized Powell’s approach to the US -lean policy. Trump posted on April 4, two days after the “Liberation Day” administration, which would be the “ideal time for the chairman of the Powell Fed to lower interest rates. He always” late “, but now he can change his image and quickly.”
However, for the first time, Trump clearly called for Powell’s shooting. Powell said the president had no power to dismiss him, noting that it was’not allowed in accordance with the law“
Powell’s term as the Fed chair expires in May 2026.
