Trump runs out Powell due to interest rates, as the United States faces 9 trillion dollars

president Donald Trump He said that he will welcome anyone but the head of the Federal Reserve, Jerome Powell, by reducing interest rates, as the United States is having to re -financing about $ 9 trillion of debt.

Maria Barteromo sat, adding “Sunday morning on Sunday morning” with Trump to conduct an interview that was broadcast on Sunday, when I asked the president about how he dealt with the amount of 9 trillion dollars due this year.

Trump said he would re -financing 9 trillion dollars as a short -term debt because “we have a stupid person” in the federal reserve.

The President explained his desire to obtain federal interest rates to reduce interest rates so that the United States does not have to pay 10 years of debt at a higher rate.

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“Then we will make someone in the federal reserve that will be able to reduce (rates),” Trump said, noting that prices should be 1 or 2 %. “As you know, if you look at Switzerland, it is the lowest at the present time. It is much less than one point, and frankly, we must be there, because … without the United States, the whole world does not work.”

Then Bartiromo turned the president’s attention into a possible alternative to Powell, who remained less than a year in his term as a federal president, with the end of his term in May 2026.

Trump Powell nominated this role in 2017, although the president indicated that he would not nominate the president for another time. In fact, Trump recently gave Powell the title “Al -Sayed after it is too late”, amid his efforts to pressure the federal reserve to reduce interest rates.

Trump suggested that he could mention Khalaf Powell in the near future, a long time before the end of the Powell state.

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Treasury Secretary Scott bet Bloomberg News stated that one of the main competitors of this role, citing people familiar with the matter, although the port indicated that the administration did not start the official interviews.

Another competitor is the former federal reserve official, Kevin Wrash, whom Trump considered the role of the Treasury before choosing Pesin’s nomination.

During a Bartiromo interview with Trump, the host indicated that Trump had disturbed some names and that he had two people in mind.

“They will all be good,” Trump said, before asking the host if his decision not to appoint one now, more pressure on Powell is done.

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Trump said that journalists asked him if he had other names.

“I say,” Yes, I do. Anyone other than Powell, “said the president.

He also said that journalists would ask whether Kevin was a competitor.

“Kevin is very talented, but I don’t know if he will have it. But he is a very talented man,” Trump said. “He will not do what is Powell.”

Trump criticized Powell last week for not lowering interest rates, and the Federal Reserve Chairman witnessed before the Senate Committee.

“I think it is terrible,” Trump said in response to a question from a reporter during a press conference at the NATO Summit at the NATO Summit in The Hague.

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Trump has repeated his criticism of a height to maintain interest rates very high, saying that the country will have to pay more for debts.

Trump targeted Powell on Tuesday before his testimony before the Financial Services Committee in the House of Representatives.

“I hope that Congress will really work this hard stupid person, which ends. We will pay for his incompetence for many years to come. The president said in a post on the social truth.

During his testimony on Tuesday, Powell said that the economy is in a “strong situation” as the central bank monitors inflation and labor market data to obtain signs that it needs to control monetary policy.

The Federal Reserve was affected by reducing interest rates due to uncertainty about commercial policy, as Trump imposed a tariff on American trading partners. Definitions are taxes on imports that the importer pays in general, which often passes or all of these additional costs for consumers.

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“We expect Introduction inflation To show more, but I want to be honest, we don’t really know how much it will be transferred to consumers. We do not, and we will not even see it. It can be less than we expected, it can be higher. “We have to wait and see any kind of what we do,” Powell explained.

The three interest rate discounts were discussed at the Federal Reserve in the past year-including the reduction in 50-Basis points in September in addition to the discounts at the bus points in November and December-when he asked the legislator whether the conditions are similar now and may lead to a price reduction.

Eric Rafeel in Fox Business contributed to this report.