The president of the United States, Donald Trump, and the president of the United States Federal Reserve, Jerome Powell.
Wins mcnamee | Kevin Lamarque | Reuters
President Donald Trump again asked the Federal Reserve to lower rates and also hinted at the “termination” of President Jerome Powell.
In a real social publication, Trump said:
“The ECB is expected to reduce interest rates for the seventh time and, nevertheless,” too late “, Jerome Powell, of the Fed, which is always late and wrong, yesterday a report issued a report was another and typical, complete, ‘mess!’ Oil prices have dropped, the groceries (equally eggs!) They are low and the United States is enriching with tariffs.
In fact, the European Central Bank has been reducing rates, since it tries to increase growth in the region. The ECB is expected to lower the rates later on Thursday.
The publication comes a day after Powell delivered a speech at the Chicago Economic Club in which he pointed out that the administration tariffs put the Central Bank in a difficult place, since he decides whether to domesticate or increase growth.
“If that happened, we would like the economy to be of each objective, and the potentially different time horizons on which it would be anticipated that those respective gaps close,” Powell said. Those comments contributed to a steep liquidation on Wednesday.
This is not the first time that Trump criticizes Powell’s approach to the monetary policy of the United States. Trump published on April 4, two days after the announcement of the “Liberation Day” rate of the Administration, it would be “a perfect time for the Fed president, Jerome Powell, to reduce interest rates. It is always”, but now I could change the image and straight. “
However, it is the first time that Trump explicitly requests Powell’s dismissal. Powell has also said that the president does not have the power to fire him, noting that “it is not allowed by law.”
Powell’s term as president of the Fed ends in May 2026.