Trump again asks for cuts in Fed’s interest rates and accuses Powell of political favoritism

by Andrea
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‘Powell is always too late, except in the election period, when he lowered interest to help sleepy Joe Biden, and then Kamala [Harris]; And what did you give it? ‘Wrote the US president on the networks

Anne LEBRETON / AFPTV / US Federal Reserve / DC POOL / THE Economic Club Of Chicago / AFP
Trump has directed continuous attacks on Fed President Jerome Powell to reduce interest in the US

The president of the United States has again been asking for interest rates in the federal reserve rates (Fed, the US Central Bank) and attacking the posture Dena leadership from the US BC, accusing him of political favoritism of former President Joe Biden’s previous management. Trump resumed argument that “there is virtually no inflation” in the country, in a publication released this morning on the social truth.

“Many are asking for ‘preventive cuts’ at interest rates,” the Republican wrote, without detailing who referred to. “Powell is always ‘late’ except in the election period, when he lowered interest to help sleepy Joe Biden, and then Kamala [Harris]. And what did you give it? ”

Trump argued that “most things” prices and costs in the US are in a “good fall trajectory,” as he “predicted it would happen,” including in the energy and food sectors. “But there may be a slowdown in the economy, unless too late, a great loser, reduce interest rates now,” Trump said, returning to the example of the European Central Bank’s monetary relaxation cycle in Europe.

*With information from Estadão Content
Posted by Carolina Ferreira

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