Vacancies are opened to the Federal Reserve early, as Trump urges the council to “take over” if he does not say the first prices

In a publication Social truth Before Kugler announced, President Trump took a blow to Powell, saying that he must “decrease” interest rates to a large extent, after the Federal Open Market committee voted an overwhelming majority to keep prices unchanged.

“If he continues to refuse, the council must bear control, and what everyone knows must do,” Trump added in the post.

Kogler said that she would resign from his post on August 8, before her expected departure in January when her mandate ends in the Governor Council. She plans to return to Georgetown University as a professor of this fall, according to press release.

Kugler Trump’s departure gives an enjoyable opportunity to nominate a member to vote to FOMC and expand its influence. FOMC determines the rate of federal funds that Trump says it needs to be decreased. The committee consists of the seven rulers working in the Federal Reserve, Chairman of the Federal Reserve in New York, and four heads of the regional federal reserves.

FOMC meeting this week Keep the rates without change Between 4.25 % and 4.5 % they saw opposition from two federal conservatives, appointed Trump Michel Bowman and Kristover Waller.

It’s a sign a A rare break Michael Ashley Shuelman, chief investment official in Running Point Advisors, said in what was a unanimous vote, but it was far from the rebellion.

Since the interest rate decisions are determined by a simple majority vote by the 12 FOMC voting members, Powell, who gets only one vote and there is no veto, will be crossed. Shuelman said, but this is not likely to be.

“A few opponents show that the committee can complain, but the successful rebellion will need at least seven” nays “against Powell, an internal version of conversion succession He said on the painting on Logan Roy luck, Referring to the television program on the struggle of companies. “The possibilities remain low unless the data revolves around the solid or new appointed in a balance.”

Trump attacks on the Federal Reserve and Powell His second term escalated. And his continuous insistence on the decrease in the previous rates and threats to appoint Khalifa Powell, he pressed the federal reserve to practice his independence.

However, Powell still has ways to resist against Trump’s effect, if he chooses, said Mark Spendeel, chief adviser to F/M Investments and co -author of The legend of independence: How the Federal Reserve Congress rules.

Powell has made it clear that he will serve the remainder of his term as head of the Federal Reserve Council until it ends in May, however, Powell can also remain in the Governor’s Council after that because his term in the board of directors, which ends in 2028, independent of his fourth term as president.

“Powell adhere to a period of time after his presidency will be a scenario through which he can prevent the president luck.

Powell has repeatedly refused to say whether he intends to stay as a ruler in the Federal Reserve after his term as president.

It is also not clear how Trump’s reaction will be if you reduce federal reserve rates. The economy was largely flexible despite the uncertainty in which it caused the threat of definitions on the main American commercial partners, but cracks began to appear. The American economy added only about 73,000 jobs last month, and the gains were revised in June and May, according to the work statistics office.

The new numbers were so amazing that they raised the previous account that the labor market was a great guide to the shock, which color the Federal Reserve’s position at rates.

At the press conference after the Federal Reserve’s decision to maintain the non -change of prices, Powell hesitated in the direction in the coming months. Hit a Hawk toneAccording to a memo issued by the Bank of America in the macroeconomic economy, the investor’s inhibitor situation hopes that the next meeting of FOMC in September may lead to a reduction in prices.

“It seems to me – and for almost the entire committee – the economy does not lead as if the restricted policy hinders it inappropriately,” said Powell.