Yesterday, the US President criticized Jerome Powell by saying it is ‘very slow’ in reducing interest rates
US President Donald Trump and his team consider the possibility of dismissing the president of the Federal Reserve (Fed), , Said the main economic advisor of the White House this Friday (18).
“The president and his team will continue to analyze the matter,” said the director of the National Economic Council, Kevin Hassett, to reporters when asked about the possibility of dismissing Powell, a day after attack the chief of the Central Bank.
Yesterday, Trump criticized Powell by saying that he is “very slow” in reducing interest rates. “Powell’s end of the term of office cannot happen quickly enough,” Trump wrote on his social Truth platform. “Too late, it should have reduced interest rates such as the European Central Bank (PCP) for a long time, but it should certainly reduce them now,” Trump wrote.
Tariff tension
The president of alerted on Wednesday that Trump’s tariffs that virtually all business partners could place the Central Bank in the position of having to choose between inflation or unemployment.
US President’s tariff policy has left investors and nervous and cautious business partners with its long -term strategy and what it can mean for international trade.
Trump repeatedly asked Powell to cut interest rates, but the American Central Bank adopted an attitude of waiting to see, keeping stable rates between 4.25% and 4.5% since the beginning of the year.
*With information from AFP
Posted by Carolina Ferreira
