On Thursday, President Donald Trump reiterated that he had not planned to shoot the Federal Reserve Chairman Jerome Powell, days after he said he would “choose soon”candidateFor the leadership of the next central bank.
“Fake news says,” Oh, if I fired it, it will be very bad, it will be very bad. “Trump said at an event at the White House on Thursday:” I don’t know why it’s too bad, but I will not shot it. “
Trump continued to repeat his complaints that the Federal Reserve did not move quickly enough to reduce interest rates, with more evidence appearing refrigeration Economic inflation. Powell state as president ends in May 2026.
“We call it” it is too late, “isn’t it?” Trump said, adding that he was frustrated that the current high prices increase borrowing costs in the federal government. The president said that the federal reserve can always raise prices if inflation returns.
“Let’s say that there was an inflation. Within a year from now, raise your prices. No, lift your prices. I am all for that. I will be the person who calls you,” Trump said. “It will be very late for that too.”
Supreme Court last monthFederal Reserve ProtectionWho pushed Trump to shoot senior officials of independent agencies, describing the central bank as “a unique, almost special entity.”
The decision saved a degree of clarity on the job security of Powell, after Trump sent conflicting signals about whether he would try to expel the Federal Reserve Chairman before the end of his term. Trump said in April he had no intention to launch Powell.
Federal Reserve officials are expected to keep fixed interest rates at the two -day policy meeting next week. Powell and his colleagues indicated that they are waiting for more clarity on how Trump’s policy changes – including definitions, taxes and immigration – could affect the economy before adjusting interest rates again.
This story was originally shown on Fortune.com
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