By dint of hearing that “it’s Trump’s style”, that it is “his way of doing politics”, we even realize that what is happening between the American president and Jerome Powell is absolutely not normal. And that the independence of the Fed is violently questioned by a handful of people.
Donald Trump once again described, yesterday afternoon, Jerome Powell as “very stupid person” with a “weak Qi”. Who remembers such a violent attack by an American president towards a president of the federal reserve? Repeated attacks many times for months.
Then other members of the administration took over yesterday, such as Howard Lunick … But since when has a trade secretary mixed with monetary policy? After a long tirade on X, he concludes: “Just lower our interest rates, our deficit will naturally decrease and our economy will fly away. Jerome Powell, your mission is to help Americans, not to harm them. So do your job and lower our exorbitant interest rates at your next meeting. »»
Then new attack, still yesterday afternoon and on X, from the American vice-president JD Vance: “I would like to hear an argument explaining why Powell reduced the rates of 50 points just before an election, but cannot do it now with lower inflation. ». Knowing that it was a phase of deterioration of employment in mid-2024 as well as progress on inflation, which had pushed the Fed to start its cycle of drop in rate, which JD Vance is not supposed to ignore …
And finally attack on the son of the American president, Donald Trump Jr, still yesterday afternoon, who welcomed that an American senator had “completely destroyed the president of the federal reserve”.
So many messages concentrated on half a day and at the time of the hearing of Jerome Powell in the Congress, can only be the result of a concerted destabilization strategy and an attack on the independence of the decision-making decision.
And according to American press sources, Donald Trump is planning to communicate very upstream at the end of the mandate of the president of the Fed, the name of his successor. A desire, there, to parasitize the conduct of Jerome Powell’s mandate.
