President Trump said on Wednesday that the federal preparation system “did not stop the problem created by inflation,” and said that he did a terrible job with bank regulations. Post to the true social。
His RE responsibilities were performed a few hours later after the Fed had a stable and stable interest rate and could be further reduced in borrowing costs.
Trump accused the Central Bank family and Powell that allowed inflation to rise in the aftermath of the COVID-19 pandemic.
“Jay Powell and the Fed could not stop the problems they had created in inflation, so they unleashed American energy production, reduced regulations, re -adjusts international trade, and recurrent American production. I will do it more economically, and in other cases, I wrote about the true society!
“If the Fed spent a little time for DEI, gender ideology,” green “energy, fake climate change, inflation would never have been a problem. Instead, we were struggling with the worst inflation in our country! “
Powell talks at a press conference following the unanimous decision -making decision of maintaining an overnight interest rate in the current 4.25 % to 4.50 % range -“We need to be in a hurry to adjust the policy attitude. There is no, “said the monetary policy,” It is well positioned for the task at hand.
Powell refused to comment immediately last week that he would immediately reduce Trump's demands, and Fed, “It's really to bow our heads, which plays the best role for the masses. It will be done. “
He answered when he asked Powell directly to the request, “I didn't contact me.”
Powell pointed out that there is a risk of actively reducing the policy, saying that “the policy is too fast or that too much can hinder the progress of inflation.”
Powell, who appeared from the first policy meeting during the second phase of Trump in the White House, said, “What policies are? We are waiting to see if it will be enacted, “he said, and he will not be in a hurry.
Last week, Trump returned to power with imported duties, immigrants, tax reductions, and gentle regulations.
After the Fed was reduced three times in the latter half of last year, inflation has moved to the side in recent months, and the Central Bank has decreased from the latest policy statements. Note that the price pace is “rising”.
The recent major inflation measurements are more than half higher than the FRB goal.
The Fed authorities argue that the progress of inflation will be resumed this year, but are now on hold for data because they are waiting for data to confirm it.
“Economic activity is continuing to expand at a solid pace. The Central Bank's Policy Settings Federation Open Market Committee has been stable at a low level in a few months, the latest policy statement. The situation remains strong. “
“When considering the scope and timing of additional adjustments to the target range of federal funding, the committee will carefully evaluate incoming data, evolving prospects, and risk balance.”
With post wire
