Nevertheless,
Donald trump wants massive drop new: Nevertheless. However,
Donald trump wants massive drop:
The decision of the federal reserve on the level of rates is expected on Wednesday. Therefore, while Donald Trump press for a drastic drop.
Will the federal reserve (Fed) succeed in resisting the pressure of the American president. Similarly, Donald Trump, who wishes to see her lower his rates? Meanwhile, This is no doubt in the minds of the majority of analysts. For example, who are not waiting for any movement at its next meeting.
The decision is expected to be known Wednesday at 2:00 p.m. Furthermore, (6 p.m. Similarly, GMT) and its president Jérome Powell will give a highly anticipated press conference in the process.
“I want him to lower the rates. For example. Similarly, ” reaffirmed Donald Trump on Thursday, visiting the Fed restoration site with its president, Jerome Powell, after a tense exchange between donald trump wants massive drop new the two men.
A message he has continued to repeat donald trump wants massive drop in recent weeks. However, without hiding his frustration, nicknning him “too late” Powell and accusing him of acting “against” the American economy.
In the mind of the American president. In addition, the decline must be massive, of three percentage points, which would bring them back between 1.25% and 1.50% and would, according to him, “save $ 1,000 billion” on the interests of public debt.
Donald Trump even threatened in mid-July for dismissing Jerome Powell, criticizing the cost of the renovation, estimated at 2.7 billion dollars, a sign of mismanagement by the boss of the Fed. He would finally give up after a conversation with the secretary of the Treasury. Scott Bessent, according to the Wall Street Journal.
The latter nevertheless maintained the pressure by requesting on July 21 if the institution was “effective”.. calling for “examining the Fed as donald trump wants massive drop new a whole”, fearing that it had “lost sight of its independence with regard to its main donald trump wants massive drop monetary policy mission”.
Donald trump wants massive drop new
Still waiting – Donald trump wants massive drop
But the signals sent by the. main officials of the Fed go in the direction of a new maintenance of rates at their current level. in a range between 4.25% and 4.50%, at the next meeting of its monetary policy committee (FOMC), scheduled for Tuesday and Wednesday.
Because in the state. inflation persists to remain above the 2% provided by the mandate of the Fed. in particular, as Jerome Powell pointed out, due to the consequences of the customs duties wanted by Donald Trump.
According to the CME monitoring tool. Fedwatch. investors do not anticipate a decline before the next meeting, in September, or that according to, without certainty in the matter for the time.
“The FOMC will leave the rates unchanged at its next meeting. But it will be interesting to see if Jerome Powell alludes to a potential relaxation of monetary policy by. the donald trump wants massive drop end of the year. tries on the contrary to avoid giving any indication,” said in a note Gregory Daco the chief economist of Ey-Parthenon.
Especially since the extension of the break. initiated at the start of the year. is not unanimous among the members of the FOMC, some, such as Christopher Waller, having expressed their conviction that it was time to act.
“I will try to convince them of the interest of my position. in the end we will make the decision that we believe to be the best. given the data we have,,” he said on July 18 on Bloomberg TV.
Essential independence
The pressure on Jerome Powell was variously appreciated by donald trump wants massive drop new investors. for whom the independence of the institution with regard to political power remains essential.
And the risk of seeing Jerome Powell be dismissed weighed on the markets. before Donald Trump attended only this possibility was “unlikely”.
“Jerome Powell was able to see that the government launched a test ball. (but) it showed that the markets attached importance to the independence of the Fed. ” said Oxford Economics, Ryan Sweet.
On the other hand. they will be attentive to the opinions expressed by those who. like Christopher Waller, will express a divergent opinion, and above all how much will do.
“I do not think this will be the case,” said Kathy Bostjancic, a nationwide economist.
For Ryan Sweet, “there are cracks but they have not yet turned into fracture lines”.
During his interview. Christopher Waller underlined the signs of weaknesses in private employment. his fear that by acting too donald trump wants massive drop new late, the job market, the other mandate of the Fed, ends up turning around, with an increase in unemployment.
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