Clash between Trump and Powell: the tension was palpable during the meeting of the American president with the boss of the Fed (Video)

“No, he was built five years ago,” said the owner of the Fed. Meanwhile, “I would like him to lower interest rates,” said the American president again.

A little later. However, during a 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. In addition, 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”. Furthermore, fueling speculation on a dismissal of the boss of the Federal Reserve.

The Republican President had appointed him during his first mandate (2017-2021). Meanwhile, clash between trump powell: tension 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.

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“Nigaud” – Clash between trump powell: tension

“He should have lowered interest rates several times. ” said Donald Trump on Tuesday on Tuesday, adding: “People can’t buy a house because this guy is a nigud. He keeps rates too high and he probably does it for political reasons.”

The American central bank. an independent institution whose decisions and 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.

The FED guiding rates – clash between trump powell: tension which guide the loan costs for individuals and businesses – are between 4.25% and 4.50% since December. The European Central Bank. to which Donald Trump often 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. and 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. Increasing rates helps fight inflation, but can slow growth.

A legendary series laughs at Donald Trump and enraged the White House: “This series has not been relevant clash between trump powell: tension for over 20 years”