It was days after his statement that he would like to dismiss the head of the US Central Bank caused a strong fall in the stock market. “I have no intention of saying goodbye,” Trump told journalists.
The president of the USA, Donald Trumpsaid Tuesday that He has no plans to fire the president of the Federal Reserve, Jerome Powell, days after his statement that he would like to dismiss the head of the United States Central Bank caused a strong fall in Wall Street. “I have no intention of saying goodbye”, Trump said to journalists.
Trump had previously suggested the opposite by saying that he could say goodbye to Powell if he wanted to, since he was frustrated because the Fed had pause the cuts of short -term interest rates. Powell said Trump’s tariffs are creating uncertainty about slower growth and greater inflationary pressures, while the president states that inflationary concerns are essentially non -existent.
The president argues that Energy and groceries prices are falling, so Fed should cut its reference rates because inflation is no longer a threat to the United States economy. His comments indicated that he still plans to use his influence position to press an American central bank who is committed to resist political pressure as part of his mandate to stabilize prices and maximize employment.
“Everything is going down,” Trump pointed out. “The only thing that has not come down, but has not uploaded much either, are the interest rates. And we believe that the Fed should lower the rates. We believe that it is a perfect time to lower the rates. And we would like to see that our president anticipates or is punctual, instead of being late. Late is not good.”
Source: Ambito
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