US Federal Reserve Chairman Jerome Powell is awaiting speaking during a conference that defines the seventy -fifth anniversary of the International Finance Department of the Federal Reserve in Washington, DC, on June 2, 2025.
Andrew Caballero -Rynolds | AFP | Gety pictures
president Donald Trump torn Federal Reserve chair Jerome Powell As “numbskull” on Thursday, it raises the heat on Central Bank Head to reduce interest rates.
Trump at the White House claimed that two percentage rates will reduce prices annually, “but we cannot get this man to do so.”
“We will spend $ 600 billion a year, and 600 billion dollars due to one numbness sitting here (and says),” I don’t see a sufficient reason to reduce prices now, “Trump said.
Trump added that he was well with federal reserve rates if inflation was rising.
He said: “But it is a decline, and I have been forced to impose something.”
Trump’s insult came hours after the Ministry of Labor mentioned this American producers prices Rose is less in May than some economists expected.
Other modern economic readings have calmed down some fears of the high inflation caused by the customs tariff-and the Trump and its allies raised to increase the pressure on the federal reserve.
Trump’s latest attack on Powell was the third time in two days, and a member of his administration targeted the leader of the Central Bank.
“It is unreasonable to save if he (Powell) does his job and reduced interest rates,” said Huard Lottennik Minister of Commerce on Wednesday night.
“The economy is ready for that. It is easy. Inflation is low,” said Lootnick at Fox News. “Come on. He must do his job soon.”
Earlier Wednesday, Vice President JD Vance Write Social media yet“The FBI’s refusal to reduce prices is cash misconduct.”
The markets were often affected by Trump’s remarks, which continued his recent brand efforts with the title “It is too late.”
It has never been traded by pricing almost any chance because the Federal Reserve reduces prices after its meeting next week, and a little opportunity to move in its gathering in July.
Traders set a stronger opportunity in a September discount, with 76 % possibilities on Thursday, compared to 69 % a day ago, according to the CME group data.
Investors were winning in April when Trump seemed to be considering trying to shoot Powell before his term ended next year. Trump retreated after a bout of market fluctuations, and has not threatened to launch Powell since then.
Trump repeated in comments on Thursday that he “will not shoot” Powell, but he added, “I don’t know why it will be very bad.”
Powell said that the law does not allow the president to launch it, and supreme court In May, it was suggested that federal reserve conservatives have more protection than the termination of other federal agencies.
This is urgent news. Please update for updates.
–Jeff Cox of CNBC contributed to this report.
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