US President Donald Trump and American Chairman of the Federal Reserve Jerome Powell.
Win McNamee | Annabelle Gordon | Reuters
President Donald Trump put his most recent criticism at the Federal Reserve Chairman Jerome Powell on Friday, as dissatisfied with the White House via the economic policy leader.
During a question and answer session on Friday afternoon with reporters, Trump pointed out examples of prices.
“If we had a Fed chairman, the understanding of what he did, the interest rates would also decrease,” said Trump. “He should bring them down.”
Trump has long argued that the FED that determines monetary policy in the United States that should reduce interest rates. His latest comments come when the White House has increased its attacks on Powell in the past few days.
The White House's economic advisor, Kevin Hassett, said on Friday that Trump and his team judge whether they can remove the Fed chairman. Powell previously said that he cannot be released by law and intends to serve as chairman in May 2026 by the end of his term.
“The president and his team will continue to study this matter,” said Hassett in the White House after a reporter asked whether Powell's shot is an option that was not before, “said Reuters.
Trump posted the social social social of truth on Thursday that “Powell's termination cannot come quickly enough”. His post included the nickname “too late” for Powell, a continuation of Trump's habit of giving political rival satirical titles.
His use of the word “termination” asked whether Trump referred to Powell's potential removal from his post in front of the schedule. Hassett said on Friday that the administration would check whether there would be “new right analyzes” that would enable Powells shooting.
Powell seemed to be anest for Trump after saying on Wednesday that the president's controversial tariff plan could drive inflation ahead at short notice and to present the central bank in front of the goals of the high employment rates and price stability. Powell said Trump's taxes – many of them are currently tackled – will probably “continue to move away from our goals”.
“We can find ourselves in the challenging scenario where our double goals are in tension,” said Powell in prepared comments in front of the Chicago Economic Club. “If this were done, we would consider how far the economy is from each goal and the potentially different time horizons, which would be closed by which these respective gaps would be closed.”
Powell also said that the Fed was “well positioned to wait for greater clarity before adjusting to our political attitude”.
The Federal Open Market Committee currently has its credit rate in one area between 4.25% and 4.5%, where it has been sitting since December. Fed Funds Futures are in a probability of more than 90% of the likelihood that the central bank, according to Cmes Fedwatch tool, will again record interest rates at its insurance meeting next month.
Since Trump's team increased criticism, some Democrats have defended defense. Senator Elizabeth Warren, D-Mass., On Thursday, a president who dismissed the Fed boss would be worse for the US financial markets.
“Understand this: If the chairman Powell can be fired by the President of the United States, he will bring the markets to crash in the United States,” said Warren on CNBC.
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