The duties do not work as much as he would like and again targeted Jerome Powell. The US president said the Fed president “probably” would complete his term.
In an interview with the Newsmax network, Trump stressed that he would remove Powell without a second thought. He pointed out that Fed rates are at an extremely high level.
At the same time, he appeared restrained at the point where the removal could occur. Characteristically he said his advisers believe that such a move would cause “market turmoil”.
“He will leave in seven or eight months and put someone else,” Trump said, referring to the end of Powell’s term as head of the Fed in May 2026.
Through his post on the Truth Social platform, Donald Trump, however, called on Jerome Powell to resign. The US president stressed: “Powell should resign, as Adriana Kugler, who was appointed by Biden, resigned.”
Kugler resigned from the Fed Board of Directors. After this development, Trump has the opportunity to choose a candidate for his choice.
‘Distributed Employment Data’
At the same time, Donald Trump opened a forehead for employment data. In a post he wrote that they are “manipulated for political purposes”. In this way, President Donald Trump showed his discomfort by demanding the “immediate” dismissal of the statistical service.
“I have just learned that the ‘Employment’ Effects of our country are drawn up by a person appointed by Joe Biden, Dr. Erica Macrentarfter, who distorted employment data before the election to increase the chances of Kamala’s victory,” the US president wrote.
What did the data show and the US president was unhappy? That the labor market has been significantly weakened in the United States in recent months.
