Trump calls on the Powell “stubborn hacker” regarding the Federal Reserve’s interest policy

president Donald Trump On Friday, his attacks on the President of the Federal Reserve, Jerome Powell, called for “assuming control” on the decisions of the Federal Reserve Policy.

Trump has repeatedly criticized Trump Powell President Leadership in the central bank despite his appointment as Federal Reserve in 2017, including recent calls for the FBI study to reduce interest rates to increase the economy.

He took to the social truth platform early Friday morning to urge the Federal Reserve Governors Council to control Powell if he resists discounts in immediate interest rates, and writing:

“Jerome” is very late, “Powell, a stubborn fool, must reduce interest rates to a large extent, now. If he continues to refuse, the council must control, and do what everyone knows!”

Trump strikes Powell as a “total loser” after he left federal reserve rates without change

the Federal Reserve The interest rate policy combined through a 12-member committee is known as the FOOC Open Market Committee (FOMC), which votes on these decisions with each member-in that Powell-receives one vote.

FOMC is not to meet again until 17-18 September, which will leave an extraordinary meeting in emergency situations as the only way through which politics can reduce prices early.

FOMC emergency meetings to reduce interest rates rare and the last time occurred in March 2020 at the beginning of the roaming epidemic.

The Federal Reserve maintains a major interest rate for the fifth consecutive meeting despite Trump’s pressure

Trump’s publication came early on Friday morning in the aftermath of FOMC, which holds interest rates fixed for the fifth consecutive meeting on Wednesday.

Powell cited high levels of economic uncertainty related to labor market conditions, as well as the impact of definitions on inflation and consumer prices as a reason for stopping. He added that the economy was in a strong situation and that the central bank was in a good position to respond to the signs of economic deterioration.

The Federal Reserve’s favorite inflation scale shows that consumer prices rose again in June

On Thursday, the issuance of the Personal Consumption Expenses of the Ministry of Commerce (PCE) – Federal Reserve Favorite Inflation scale -Which showed the high infection in PCE on an annual basis of 2.3 % in May to 2.6 % in June, much higher than the long -term inflation goal of the Federal Reserve.

Inflation reduced market expectations for price discounts at the next meeting of the Federal Reserve Mourning in September, although this was reversed on Friday when the July job report came in a weaker than expected with great declining reviews of what was strong job gains in the past two months.

Job growth in the United States was cooled in July, amid economic uncertainty

Ministry of Labor Job report in July It showed that the economy added 74,000 jobs last month, much less than the estimates of 110,000 economists.

Moreover, the report reviewed the 144,000 job gains in May and 147,000 in June to 19000 and 14,000, respectively. Combating, these reviews leave a job in those months 258,000 jobs less than previously mentioned, while the work statistics office indicated a “larger than usual” review.

The unexpectedly weak job report prompted the market to reassess the risk of reducing interest rates in September, which decreased to only 37.7 % on Thursday, according to the CME Fedwatch tool, following the growing inflation data and FOMC decision the day before.

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The probability of reducing 25-Basis jumped to 78.8 % in the aftermath of the soft labor market data as of reading the tool in the late morning hours on Friday.