“The Tardón (nickname for Powell) I should give up immediately! “The Republican president published in the Social Truth Network.
Next to this post, Trump shared news from the Bloomberg agency with criticism of the director of the Federal Housing Financing Agency (FHFA), Bill pultewho considers that the Congress I should investigate Powell for having allegedly lied during his last appearance before the Senate.
This is not the first time that Trump claims Powell’s resignation: months ago he presses it openly to reduce interest rates, which are currently in a range of 4.25 % to 4.5 %, something that he considers to be braking economic growth.
However Powell, who defends that the decisions of the FED (independent agency) are based on analysis economic and non -politicalsaid Tuesday that the Impact of tariffs announced by the White House and advanced that there could be a type cut in July.
Powell was appointed by Trump himself in 2018 and repeated in office during the presidency of Joe Biden (2021-2025). His current mandate concludes in May 2026.
Fed anticipated that they expect an impact on prices for the coming months
Powellhe said that from the North American Central Bank they expect a impact on prices for the coming months. In this regard, he argued that if it were not for the tariffs promoted by the US president, Donald Trump, They would have already trimmed the reference rate of their monetary policy.
During his participation in the annual meeting of central banks, Powell said they are waiting for “higher price (pricing) readings during the summer (boreal).” Anyway, he assured that “If the tariffs ignore a second, they will see that inflation is behaving practically as we expected,”.
In fact, before the consultation on whether the Fed had cut the rates if it were not for Donald Trump’s commercial policy to impose reciprocal tariffs, he said yes. “I think it’s correct. We put pause when we saw the size of the tariffs and where essentially all inflation forecasts for the United States increased materially as a result of tariffs, “he explained.
Source: Ambito
