US President Donald Trump and US Federal Reserve Chairman Jerome Powell.
McNamee victory Annabel Gordon Reuters
president Donald Trump On Friday, he dropped his last criticism on the Federal Reserve Chairman Jerome PowellWhile the White House leader heats up economic policy, he strikes the temperature.
During a session of questions and answers on Friday afternoon with the correspondents, Trump referred to examples of the prices that decreased.
“If we have the Federal Reserve Speaker, he understands what he was doing, then interest rates will also decrease,” Trump said. “It should come down to them.”
Trump has He has long argued The Federal Reserve, which defines monetary policy in the United States, must reduce interest rates. His last comments come at a time when the White House has increased its attacks on Powell in recent days.
White House Economic Adviser Kevin Haysit said on Friday that Trump and his team are establishing whether they could Remove the Federal Reserve Chair. Powell said previously Incompetent Under the law and intends to work until the end of his term as president in May 2026.
“It is a choice in a way that was not before,” Haysit said at the White House after a correspondent asked whether the shooting on Powell was a way that was not before, “according to Reuters.
Trump to publish On the social fact on Thursday, “ending Powell cannot come quickly enough.” His position included the title “It is too late” for a height, which is a continuation of Trump’s habit in giving satirical titles to political competitors.
His use of the word “ending” raised questions about whether Trump indicates the potential removal of healing from his post before the specified date. On Friday, Haysit said that the administration would consider whether there is a “new legal analysis” that allows the launch of Powell.
Powell seemed to see He says Wednesday The controversial tariff plan for the president can increase inflation in the short term and create challenges for the central bank in managing the goals of high employment rates and price stability. Powell said that Trump’s novels – many of them Currently on a pause – It is possible that you will transfer us away from our goals. “
“We may find ourselves in the difficult scenario in which our double goals are tension,” Powell said in statements to the Economic Club of Chicago. “If that will happen, we will consider the economy for every goal, and the various time prospects that are likely to be expected to be closed by those concerned gaps.”
Powell also said that the Federal Reserve was “in a good position to wait for greater clarity before considering any amendments to our position on politics.”
The Federal Open Market Committee has a borrowing rate Holding currently In a range ranging between 4.25 % and 4.5 %, where he sat since December. The future contracts for federal reserve funds are prices in the possibility of more than 90 % Fedwatch CME.
With the Trump team distorting criticism, some Democrats went to defense. Senator Elizabeth Warren warned, Majas Be terrible For us financial markets.
“If this is possible, President Powell can be expelled by the President of the United States, he will disrupt markets in the United States,” Warren said at CNBC.
https://image.cnbcfm.com/api/v1/image/108119125-1742488703521-Trump_Powell2.jpg?v=1742489086&w=1920&h=1080
Source link