Senator Elizabeth WarrenD-Mass, warned on Thursday US markets “Participation” if the chairman of the Federal Reserve Jerome Powell He can be released by the president Donald Trump.
Warren's commentary, frequent criticism of Powell, about CNBC “Squawk on the street“It arrived a few hours later Trump hugged That “the end of the Fed chair cannot come quickly enough!”
The senior White House official later told CNBC that Broadside Trump should not be seen as a threat to Powell's dismissal and that there are no plans to end his term early.
Powell said earlier that the president not to be able to slow down.
“I regularly planned (Powell) about both regulations and interest rates,” Warren admitted in her comments on the New York stock exchange.
“But understand this: if the chairman of Powell may be released by the President of the United States, he will be an emergency market in the United States,” she said.
Warren, a member of the ranking of the Senate Banking Committee, explained that “infrastructure” supporting the stock market – and therefore the global economy – is “the idea that large works are moving regardless of politics.”
If the key economic levers “are subject to the president who simply wants to wave his magic wand,” then the US will be indistinguishable “from any other two -story dictatorship around the world,” she said.
Trump repeatedly distinguished Powell by name, calling on the American central bank to reduce interest rates in the hope of rapid economic growth.
Fed increased the rates during the president Joe BidenThe presidency in order to weaken the raging inflation caused by the pandemic of coronavirus, but began to choose them in 2024.
But the Fed under Powell said that he was in no hurry to continue these cuts, pointing to the uncertainty caused by the shifted shape of Trump's policy. Powell repeated this position on Wednesday in a speech at the Chicago Economic Club, saying that the president's import taxes “will probably leave us from our goals.”
IN Truth Social Post On Thursday morning, Trump slammed Powell as “always too late and bad” while defending his extensive tariff plans.
Powell should have reduced the indicators “a long time ago, but he should certainly lower them now,” wrote Trump. “The ending of Powell cannot come quickly enough!”
– – Megan Cassella and Fred Imbert with CNBC contributed to this report.