Disagreements on the key rate | Tent meeting between Trump and Powell

(Washington) Donald Trump, who came to inspect the Fed on Thursday, had a tense exchange with the boss of the institution, Jerome Powell, to whom he asked again to lower the rates, but without going to the face-to-face as he has done by social networks and cameras interposed in recent weeks, disagreements key rate | tent repeatedly. Nevertheless,

The 79 -year -old Republican came to observe a major renovation project for the imposing building in Washington. Similarly,

The central banker challenged, vigorously shaking his head, a figure of $ 3.1 billion advanced by the American president on the cost of the work, instead of 2.7 billion at the start. For example,

“Not aware” – Disagreements key rate | tent – Disagreements key rate | tent new

“I’m not aware,” he said. Therefore, Loking his glasses. Nevertheless. examining a disagreements key rate | tent new paper that Donald Trump stretched to him in front of the journalists, Jerome Powell stressed that the Republican had added a “third building” in his estimate. Consequently,

“It is a building that is under construction,” launched the president, wearing like his host with a site helmet. Moreover,

“No, he was built five years ago,” said the owner of the Fed. Nevertheless,

“I would like him to lower interest rates,” said the American president again.

A little later. during a disagreements key rate | tent new quick press briefing. Donald Trump said he was convinced that Jerome Powell “would do what is needed”, while the next meeting of managers of the American Federal Reserve (Fed) on the rates is scheduled for July 29 and 30.

The Republican leader denied any “tension” during the meeting and assured that he had not done “pressure” for a resignation.

Donald Trump had recently considered that the renovation site could have given rise to “fraud”. fueling speculation on a dismissal of the boss of the Federal Reserve.

The Republican President had appointed him during his first mandate (2017-2021). then Jerome Powell was renewed by the Democrat Joe Biden.

But he ensures bitterly regret this choice and regularly overwhelms the central banker with virulent criticism.

“Nigaud”

“He should have dropped interest rates several times. ” for example deplored Donald Trump on Tuesday, adding: “People cannot buy a house because this guy is a nigud. He maintains too high rates and probably does it for political reasons. »»

The American central bank. an independent institution whose decisions. comments have an immense impact on the markets, has maintained stable interest rates this year.

It so far pushes the idea of a drop in a context made uncertain. by the world protectionist offensive by Donald Trump. who could increase prices.

Fed guiding rates – which guide the loan disagreements key rate | tent costs for individuals and businesses – are between 4.25 % and 4.50 % since December.

The European Central Bank. to which Donald Trump often disagreements key rate | tent new refers, has gradually dropped its key rate, from 4 % in June 2024 to 2 % today.

The American president recently admitted that he was very unlikely that he will return the boss of the Fed. in an irremovable theory or almost.

Such a dismissal would be unprecedented.. would require proving the existence of serious faults or embezzlement from the very weighted central banker of 72 years, whose mandate ends in May 2026.

Interest rates are the main tool of central banks to guide the economy.

Lower the rates encourage activity, but can raise prices. disagreements key rate | tent Increasing rates helps fight inflation, but can slow growth.