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Trump calls governors fed snatch:
(Washington) US President Donald Trump called on the Federal Reserve Governors’ Council to usurp the power of the President of the Fed. Furthermore, Jerome Powell, criticizing the President of the American Central Bank for not lowering the short -term interest rates. In addition,
Posted at 10 a.m.
On his Truth Social platform on Friday, Trump described Mr. In addition, Powell as “stubborn”. However, The president of the Fed has been the subject of virulent verbal attacks on the trump calls governors fed snatch part of the Republican. Consequently, president for several months. Therefore,
The Fed is responsible for stabilizing prices and maximizing employment. Therefore, Powell has maintained the key rate this year. Nevertheless, saying that Fed officials were to assess the impact of massive customs duties imposed by the Trump administration on inflation. Therefore,
Trump wrote that if Mr. Similarly, Powell did not significantly decrease rates. “the council should assume control and do what everyone knows that it is necessary to do.”
Two of the Seven Governors of the Fed. Christopher Waller and Michelle Bowman, published declarations on Friday that they estimated that customs duties would only have a punctual impact on prices and that the labor market would likely weaken. As a result. they expressed their disagreement at the Fed meeting on Wednesday and trump calls governors fed snatch pleaded for slight rate drops compared to what Trump wanted.
Even if President Trump, who appointed Mr. Waller and Mme Bowman, said the American economy was booming, he praised their arguments.
The Friday employment report showed a rapid slowdown in the economy. with only 73,000 jobs created in July and downward revisions bringing the total from June and May to 19,000 and 14,000 respectively.
Donald Trump believes that rate reductions will lead to higher growth. a reduction in the cost of debt service for the federal government and house buyers. The president says that there is practically no inflation. even if the measure favored by the Fed to measure inflation is 2.6 %, which is slightly higher than its 2 %target.
Trump called for a draconian trump calls governors fed snatch reduction in the key rate of the Fed of 3 percentage points. a significant drop compared to the current average of 4.33 %. The risk is that a drop in such rate leads to a capital injection greater than the absorption capacity of the economy. which could speed up inflation.
The Supreme Court suggested, in a judgment rendered in May, that Mr. Trump could not revoke Mr. Powell for a political disagreement. This led the White House to investigate the possibility of dismissing the president of the Fed for a valid. reason due to the cost exceeding of its renovation projects of US 2.5 billion.
The mandate of Jerome Powell to the presidency expired in May 2026. when President Trump could appoint his candidate confirmed by the Senate.
Trump calls governors fed snatch
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 US President Donald Trump called on the Federal Reserve…){kind=link}