Trump Powell is more than interest rates because the United States faces $ 9 trillion


President Donald Trump He said he welcomed anyone, but Federal Reserve President Jerome Powell is forced to refine about $ 9 trillion of debt to fall.

Maria Barrtromeo, the host of “Fox News” on Sunday morning, sat down with Trump for an interview on Sunday and asked the president how to deal with $ 9 trillion of debt this year.

Trump said he plans to restore $ 9 trillion as a short -term debt because “we have a stupid person” in the Federal Reserve.

The president explained his desire for the Federal Reserve to reduce interest rates to pay the United States for 10 years of debt at a higher rate.

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Donald Trump and Jerome Powell

President Donald Trump criticized Federal Reserve President Jerome Powell and called him “stupid”. (Pictures of Getla / Picture / Giti Pictures)

“Then we want to turn someone into the Federal Reserve that can lower the rate,” Trump said. “You know, if you look at Switzerland, they are now the lowest. They are much less than one point and explicitly, we have to be there, because … without the United States, the whole world wouldn't work.”

Barttiromo then expires the President's attention to the possible replacement of Powell, which has remained in less than a year as a federal chair, as his period expires in May 2026.

Trump named Powell in 2017 as the role, though the president has announced that he will not introduce the seat for another period. In fact, Trump recently gave Paul a nickname “Mr very late” among his efforts to lower interest rates.

Trump has suggested that he could name Paul in the near future before the end of Paul's period.

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Jerome Powell speaks

Federal Reserve President Jerome Powell responds to a question at the Washington Economic Club meeting at the Renaissance Hotel in Washington, DC (Reuters/Amanda Andrad-Rhoades/Photos/Reuters Photos)

Treasury Minister Scott bet Bloomberg News reported that one of the leading contenders is the role, citing people familiar with the issue, though the output noted that the government did not start official interviews.

According to Bloomberg, Kevin Warst, former Federal Reserve official, that Trump considered the Treasury Secretary of Treasury before the decision to nominate Bosun.

During an interview with Trump, the host noted that Trump had hurt a few names and had two people in his mind to replace Powell.

“They will all be good,” Trump said.

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Kevin Warst speaks at an event

Former US Federal Reserve Governor Kevin Warst speaks at the annual conference of the US Economic Association (AEA) in Chicago in 2017. (Daniel Acker / Bloomberg through Getty Images / Getty Images)

Trump said reporters have asked him whether he has a different name.

The president said, “I say,” Yes, I do it. “

He also said that reporters were asking if Kevin claims.

“Kevin is very talented, but I don't know if he will be, but he is a very talented man,” Trump said. “He couldn't do what Paul is.”

Trump beat Paul last week because of the lack of interest rates, as the Federal Reserve President testified to the Senate board.

“I think he is terrible,” Trump said in a press conference at a press conference at a NATO summit in Hague, the Netherlands.

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Federal Reserve building in Washington

A pedestrian passing through the Federal Reserve S. Eccles in Washington, DC on Saturday, June 3, 2023. (Nathan Howard / Bloomberg / Giti Pictures)

“The country has to pay more for debt,” Trump said again.

Trump had targeted Powell before Tuesday before his testimony before the Majlis Financial Services Committee.

“I hope that Congress really does this very dumb and stubborn person. The president said in a post on social truth.

During his testimony on Tuesday, Powell said the economy is in a “sturdy position” because the central bank monitors inflation and labor market data for signs it needs to regulate monetary policy.

The Federal Reserve has reduced interest rates because of the uncertainty about trade policy because Trump has imposed tariffs on US business partners. The tariff on import tax is generally paid by the importer, which often transmits some or all additional costs to consumers.

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“We expect Tariff inflation To show more, but I want to be honest, we really don't know how much of these is transmitted to consumers. We just don't do that, and we don't know until we see it. This could be lower than we expected. We have to wait and see what kind of what we do. “

The three federal interest rates were discussed last year-including a 50-stress decline in September, as well as two reduced 25 points in November and December-as a legislator, asking whether the conditions were now similar and could lead to a decline.

Eric Rivele Fox Business has been involved in the report.



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