US President Donald Trump, left and chairman of the US Federal Reserve Jerome Powell.
Win McNamee Kevin Lamarque Reuters
President Donald Trump again on Thursday called a federal reserve to lower the rates, and even suggested “termination” of chairman Jerome Powell.
In the truth after the social postTrump said:
“It is expected that the ECB will lower interest rates for the 7th time, but” too late “Jerome Powell from the Fed, which is always too late and bad, yesterday he issued a report, which was another and typical, complete” mess! “Oil prices fall, and even eggs), and the US is enriched with a tariff.
Indeed, the European Central Bank lowers rates because it is trying to increase growth in the region. ECB is expected to lower the rates Again later on Thursday.
The post appears the day after Powell he gave a speech In the Chicago Economic Club, in which he noticed that the administration tariffs placed the central bank in a difficult place, because he decides whether to tame inflation or increase growth.
“If that happened, we would think about how far the economy is from every goal, and potentially different time horizons, which were expected of these gaps,” said Powell. These comments contributed to the steep sales on Wednesday.
Not for the first time Trump criticized Powell's approach to American monetary policy. Trump published on April 4, two days after the tariff announcement of the “Liberation Day” administration, that it would be “the perfect time for the chairman of the FED, Jerome Powell to lower interest rates. He is always” late “, but can now change his image and quickly.”
For the first time, however, Trump clearly called for Powell's shooting. Powell said that the president has no power to fire him, noticing that it was so “not allowed in accordance with the law. “
The term Powell as the Fed chair ends in May 2026.