The big debate: Trump does with Powell what did Lula do to Campos Neto?

by Andrea
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Commentator Caio Coppolla and lawyer Soraia Mendes discussed, this Thursday (17), in The Great Debate (Monday to Friday, at 11 pm), if US President Donald Trump does with Federal Reserve President Jerome Powell, which President Luiz Inacio Lula da Silva (PT) did with former Central Bank president Roberto Campos Neto.

Trump returned to the United States. According to the Republican, Powell will leave the command of the Fed “if I ask him.”

Coppolla sees no connection between Trump and Lula.

“Apart from the fact that they both got rid of their criminal convictions, there is almost nothing in common between Lula and Trump, much less when it comes to economy,” said Coppolla.

“The attacks of Lula and the PT against Roberto Campos Neto, former president of our Central Bank, had no economic foundation. Donald Trump’s criticism of Jerome Powell, current president of the American Central Bank, has solid economic foundation,” he continued.

Soraia understands that the manifestations of the two presidents have different weights in the world economy.

“We are looking for scapegoats for their policies. Now we have no way to compare the Dimension of the Fed with what represented a possible manifestation of President Lula in relation to Campos Neto,” said Soraia.

“The destabilization of central banks, and one of the IMF directors manifested itself in this regard, brings with it, in the case of the Fed specifically, the low of confidence indices within a situation that was created by Donald Trump’s economic policy,” he concluded.

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