- President Donald Trump Federal Reserve Chairman Jerome Powell, the Federal Reserve Chairman, has attacked since his rewriting, and the last of which was described as a “fool” Thursday morning after the Federal Reserve chose to retain interest rates the day before. However, while Trump indicated that he can remove Powell if he wants to, the Federal Reserve Chair may keep as a scapegoat in the event of the economy signs of weakness.
Since the restoration, President Trump has attacked the Federal Reserve Chairman Jerome Powell unabated. However, despite the insults, Trump Powell may keep at least one main reason.
On Thursday, the president launched his last attack on Powell, describing him as a “fool” after the federal reserve Choose to maintain fixed interest rates Wednesday.
“It is too late,” Jerome Powell is a fool, has no idea. Other than that, I love him so much! In the way of oil and energy, almost all costs (grocery stores and “eggs”) down, and there is almost no enlargement, or tariff money flowing to the United States – the opposite of “it is too late!” Enjoy, “Trump is really social mail Early Thursday.
The president has previously turned against whether he would separate Powell. During a meeting with Italian Prime Minister Georgia Meloni last month, Trump claimed that if he wanted to, he can remove Powell “Right fast.” However, he then cleared it, and in an interview with Meet Which broadcast this week, he repeated that he would not shoot Powell.
“Why do I do that? I will replace the person in another short period of time,” Trump said.
The term Powell as the head of the Federal Reserve in May 2026, and he indicated that he wanted to serve the remainder of his term. It will be its removal a A rare sign of intervention With the independent central bank and it is likely to lead to the instability of the market.
Robert R. Johnson, a financial professor at the University of Creton, Trump may have another good reason to keep Powell.
Johnson told luck. “This, according to Trump, if the economy is good, its tariff policies and its general dealings with the economy will be the reason. If the economy is suffering from stagnation, this is a Powell mistake.”
The weight of Trump’s basic tariff by 10 %, in addition to 145 % of the customs tariff in China, has already begun to appear in the economy. Many companies have announced High prices To come, and the US GDP contract For the first time in three years in the first quarter, according to the Ministry of Trade.
However, the economy is not everything bad. While the risks increased on unemployment and inflation compared to a march, Powell male Wednesday that the basics of the economy are strong.
“If you look at a kind of distortions in the GDP Q1, you still have an economy that seems to be growing at a strong pace. It seems that the labor market is strong. Inflation is a little more than two percent. So, it is an economy that was flexible and is in good condition.”
This story was originally shown on Fortune.com
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