Trump bars against the Federal Reserve Chairman: “His end cannot come quickly enough.”
President Trump, President of the Federal Reserve, criticized “It is too late” Jerome Powell after he warned against facing the economy in the recession due to the president’s comprehensive introductory agenda, adding that his termination could not come soon.
“the [European Central Bank] It is expected to reduce interest rates for 7Y “Time, however,” very late, “Jerome Powell from the Federal Reserve, who was always late and wrong, issued another report yesterday, and it is usually” chaos! ”
Trump has argued that oil prices have decreased, and that grocery stores, including eggs, have decreased and the United States “sings out”. He said that Powell should have reduced interest rates like the European Central Bank and should be reduced now.
“End Powell cannot come quickly enough!” He added.
The markets sank on Wednesday after Powell warned of the risks of the recession facing the economy. He said that the economy could be “away” from its goals of stable prices and the maximum employment, saying that he does not believe that there will be “any progress” for the rest of the year.
“The data we have at hand so far indicates that growth has slowed in the first quarter of this year,” said on Wednesday in Chicago.
The last Thursday morning of Trump was the first time that he was annoyed with Powell, who nominated him for the president in 2017.
President is keen to accelerate the planned interest rate discounts and reduce pressure in the economy, as there is continuous tension with regard to the customs tariff plan.
Instead, the Federal Reserve plans for a possible shock in the prices driven by the commercial agenda, which would delay price cuts regardless of whether the economy is weakening.
Powell is unlikely to be forced to get out of his position, even if tensions with Trump increased before his term next year. However, these experts say it is a possibility of looking at how the president stressed himself within the first few months in his post.
