President Trump denounced “too late” Federal Reserve Chairman Jerome Powell after warning that the economy is facing stags due to the president’s sweeping tariff agenda, adding that his ending won’t come soon enough.
” [European Central Bank] It is expected to cut interest rates of 7th Time, and yet “too late” Fed Jerome Powell is always too late and wrong, but yesterday he published another report, usually completing “confusion”! ” The true society.
Trump claimed that oil prices are falling, groceries containing eggs are falling, and the US is “enriched with Tarif.” He said Powell should lower interest rates like the European Central Bank and should lower them now.
“Powell’s ending can’t come quickly enough!” he added.
The market sank Wednesday after Powell warned of the stag risks facing the economy. He argued that the economy could “go away” from its goal of stable prices and maximum employment, and he said he didn’t think there would be “progress” for the rest of the year.
“The data we have at hand so far suggests that growth has slowed down in the first quarter of this year,” he told Chicago on Wednesday.
Trump’s Thursday morning post is not the first time he has caused trouble to Powell, who was nominated for chairman in 2017.
The president is eager to speed up planned interest rate cuts and ease economic pressures as the Fed speeds up its planned interest rate cuts and continues tensions over his tariff plans.
Instead, the Fed is planning a potential price shock driven by a trade agenda.
Powell is unlikely to be kicked out of his position, even if tensions rise with Trump before his term rises next year. Still, these experts say that is possible given that the president claimed himself within the first few months.
