Despite the reaction from US President Donald Trump, the central bank kept the rates stable.
Despite the pressure to reduce the rate, President Donald Trump has not changed its benchmark rate by the United States Federal Reserve.
On Wednesday, the Fed said that he would maintain his short-term rate from 4.25 per cent to 4.5 per cent.
The decision of the Central Bank was mainly in line with expectations and has not reduced interest rates since December.
This decision comes as policymakers weigh the signs of a weak economy. The US Commerce Department report yesterday fell more than expected in US retail sales. Last week, the unemployed claim of the US labor department reached 248,000 in the last six months.
However, Last Job Report The unemployment ratio showed that 2.2 percent is stable, which shows that the labor market is slow, showing that it is quite stable.
“The committee has tried to get maximum employment and inflation. During this time, the attempt is made to get maximum employment and inflation. Uncertainty about the financial point of view has diminished but it has remained advanced,” the Central Bank said in a statement.
“Fed Chair Jerom Powal has a lot of easyness. But if anything happened, it would have been greatly stimulating and reduced the interest cost of US debt,” said Michael Ley Shali Shulman, a partner and chief investment officer of the Running Point Capital Advisors.
Polycemakers are constantly changing Trump’s tariff policy as well as increasing stress in the Middle East. Iran was worried about the closure of Hormuz’s seams as oil prices were declining before Israel’s attacks on Iran last week and the recession of revenge. Prices filled with fuel Can go up to the coming week.
Trump criticized Powell
Before the announcement of the rate, Trump expressed disappointment over the Central Bank’s decision to keep the rates stable in the last few months.
“Powell is too late,” he said, referring to the desire to cut the rate. Trump said, “I call him ‘too late Pow’ because he always late. That is, if you look at him, every time I did this, I was 100 percent right, he was wrong,” Trump said.
He said, “Maybe something has to be forced” but it was not clear what Trump has to say through it.
He also suggested that the central bank should lead. Trump said, “Maybe I should go to the Fed.” Do I have permission to make my own appointment in the Fed? I will do much better than these people. ”
Powell’s deadline is set to expire next, and Trump has recently overtaken the rhetoric of firing on the head of the Central Bank.
“You know what I am going to do, he has gone out in about nine months, he has been exhausted … I would never have appointed him again, (former president Joe) Biden re -appointed him.
