The Federal Reserve keeps the monetary policy rate firm since December. The US president claimed to go down and shot: “Despite (Powell), our country is very good.”
The United States Federal Reserve I should cut interest rates at a complete percentage point, the president said on Friday Donald Trump, by reiterating his opinion that the president of the Fed, Jerome Powell, It has been too slow to reduce loan costs.
“Europe has had 10 rates cuts, we none. Despite (Powell), our country is very good. At a full point!” Trump wrote on social networks. Central banks often limit fees movements to variations of a quarter quarter.
Trump said the Fed could always rise again if the cuts led to inflation.
The president has repeatedly rebuked Powell for not cutting the rates as he wants. Both saw the faces last week, and Trump told Powell that he was making a “mistake” not lowering the rates.
In May, the Fed left the monetary policy rate in the range of 4.25% – 4.50%, where it has been maintained since December, and since then the political leaders have indicated that they could leave it there for a few more months while waiting for more clarity on Trump’s tariff policy.
Source: Ambito
