Trump Powell attacks interest rates

president Donald Trump On Monday, he went up his campaign to press Federal Reserve president Jerome PowellAnd describing him as a “big loser” and warning that American economy It can slow down unless interest rates are reduced immediately.

Trump wrote on “preventive discounts” in interest rates by many. Social truth.

Trump claimed that there is currently no “enlarged” in the United States, and that the energy costs and other “things” are declining.

“With these costs goes down well, just what she expected they will do, there can be no enlargement, but there can be a slowdown in the economy unless the master is late late, a big loser, and reduces interest rates, now,” Trump wrote.

Trump’s player against Powell – whom he appointed during his first administration – came at a time when the president and his team are studying whether they can shoot the central bank leader before the end of his term in May 2026.

Powell stated frankly that the president could not remove him under the law.

Any attempt by Trump to shoot Powell will lead to a highly slope in American stock markets, Vice President Evercore ISI Krishna J CNBC said on Monday.

“If you start raising questions about the independence of the federal reserve, you are raising the tape to reduce it. If you already try to remove the head of the Federal Reserve, then I think you will see a severe reaction in the markets with higher returns, and the dollar is lower and the sale of stocks,” J. “said” Ali. “Squawk box“

“I cannot believe that this is what the administration is trying to achieve,” said.

The stock market, which is already reeling of increased uncertainty and other concerns caused by the Trump administration’s comprehensive tariff plans, sank on Monday morning. The average Dow Jones industrial points fell 750 points, a decrease of approximately 2 %, within the first hour of trading, while the NASDAC exchange decreased by 2.6 %.

The US dollar, and at the same time, She fell to her lowest level Since 2022, the clip has sent the crosses in the global markets who are flowing to safe armed assets such as goldWhich reached a standard price on Monday, while the standard 10 years of return treasury I infiltrated.

The latest Trump attack on Powell followed the suggestion of the central bank leader last week that the president’s trade war will restrict growth and may nourish inflation.

“It is possible that you will transfer us away from our goals … perhaps for this year’s balance,” Powell said at Chicago Economic Club in Chicago.

Powell also stopped suggesting that interest rates were on the horizon.

“At the present time, we are in a good position to wait for more clarity before considering any amendments to our position on politics,” he said.

– Alex Harring of CNBC contributed to this report.