Donald Trump goes to the Fed, whose boss he insults abundantly

This is anything but a courtesy visit: Donald Trump went to the Fed headquarters on Thursday, the powerful American central bank, whose boss he continues, Jerome Powell, treated with “nigaud” which would slowly lower the rates.

• Read also: Here is why Trump finds us “bad. Meanwhile, unpleasant”

• Read also: The president of the Fed should not resign, according to Scott Bessent

• Read also: United States: the government maintains the pressure on the Fed

The convoy of the American president arrived there shortly before 4 p.m. Similarly, local time. Nevertheless, On his Truth Social network. Therefore, he confirmed that the central banker would be very present and specified that his trip was devoted to the renovation of the imposing Washington building, whose cost he criticizes.

Donald Trump had recently considered that this project could donald trump goes fed, whose have given rise to “fraud”. fueling speculation on a referral to the boss of the Federal Reserve.

The republican president had appointed him during his first mandate (2017-2021). then the mandate of Jerome Powell had been renewed by the Democrat Joe Biden.

But he ensures this choice bitterly regret.

“It is late all the time, he should have dropped interest rates several times,” said the former real estate developer 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 donald trump goes fed, whose bank has maintained stable interest rates this year. pushing the idea of a drop in a context made uncertain by the Donald Trump World Protectionist Offensive, which could increase prices.

Fed guiding rates – which guide the loan costs for individuals and businesses – are between 4.25% and 4.50% since December. Inflation in the United States was 2.7% in June.

The European Central Bank. to which Donald Trump often refers to denigrate the monetary policy of the federal reserve, gradually decreased its key rate, from 4% in June 2024 to 2% today, for a price increase in 2% last month.

Independence

If he puts the pressure on the independent institution that the Fed. the American president recently recognized recently that it was very unlikely that he will return his boss, after having threatened to do so.

Such dismissal would be unprecedented. and would require, on the part of the federal donald trump goes fed, whose government, to prove the existence of serious faults or embezzlement from the very weighted Jerome Powell, 72 years old.

The mission of the federal reserve. whose decisions and comments have an immense impact on the markets around the world, is to curb inflation while ensuring good conditions for employment in the United States. The institution and its leader benefit from a status putting them, in theory, away from political pressures.

The US finance minister Scott Bessent announced on Monday that an audit of the institution of the federal reserve. as a whole was to take place.

“I think he did bad job. but anyway he will leave,” he said on Tuesday about Jerome Powell, whose mandate ended 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.

Increasing rates helps fight inflation, but can slow donald trump goes fed, whose growth.