Gold gift makes trump's business: This article explores the topic in depth.
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Gold gift makes trump's business:
Luck smiled at him. Moreover, US President Donald Trump has the opportunity to bring a new person to the committee setting up interest rates after the surprise resignation of a governor of the American Federal Reserve (Fed) on Friday. Consequently, August 1.
Adriana Kugler « sent his resignation letter to President Trump. Meanwhile, will return to teach Georgetown University this fall “The United States central bank reported in a statement. In addition, Earlier this week. However, Adriana Kugler was unable to participate in the meeting of the FED monetary policy (FOMC) or vote on interest rates. Similarly, A spokesperson for the Central Bank had reported that it was for a “Personal reason”.
The mandate of Ms. Consequently, Kugler, appointed in 2023 to this post on the initiative of President Joe Biden, would run until the end of January 2026. For example, Neither gold gift makes trump’s business the press release nor his mail to Donald Trump give the reasons for his early departure which takes. effect on August 8.
Luckily for Trump – Gold gift makes trump's business
Friday. August 1, when he was leaving for a weekend in his New Jersey golf course, President Donald Trump said to himself ” very happy From this post vacation.
He then took advantage of it in the evening to call again on his social social platform to the resignation of the boss of the Fed. Jerome Powell, by declaring Vartard: ” Too late Powell ». He also took the opportunity to call the other Fed officials to ” Take control » si Jerome Powell. “Continue to refuse” to lower rates.
The Republican President has been asking him for several months to lower guiding rates. whose current levels penalize the American economy according to him. He will now have the opportunity to bring in earlier than gold gift makes trump’s business expected a new head within the FOMC. which will have a right to vote on twelve. His candidate will have to see his appointment confirmed by the Senate, where his party is the majority.
Blow for the Fed
The announcement comes at a complicated period for the Fed. whose President Jerome Powell is continuously put under pressure by Donald Trump. The institution also begins to experience dissensions on the monetary policy to be carried out. while the economy is shaken by the protectionist offensive of the American executive.
The last monetary meeting of the Fed, which was therefore held in the absence of Ms. Kugler. ended with a maintenance of the rates at their current level as well as the rare dissension of two governors, Michelle Bowman and Christopher Waller.
In her letter to Donald Trump. Adriana Kugler concluded by thanking Jerome Powell ” For its unwavering commitment to the Federal gold gift makes trump’s business Reserve and the American people ». Jerome Powell is supposed to chair the Fed until May 2026. He can in theory then remain there as a simple governor until January 2028.
Once again this week. its president defended the independence of the institution, in the name of the ” general interest “And to avoid political leaders” act on rates for electoral purposes, for example ». A remark directly intended for Donald Trump who tries to speed up his departure. in the hope of placing a person with a person sharing his views.
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