The President of the United States has repeatedly appealed to the top central banker in the wake of the interest rate differences.
US President Donald Trump has repeated the call for leaving the post of Federal Reserve Chair Jerome Powell. The latest attacks in a series of attacks on the US central bank independence.
Trump on Wednesday urged Powell to “immediately resign” Powell after the Supreme Housing Regulator of his administration appealed to the US Congress to launch a central banker investigation.
Federal Housing Finance Agency Director Pulte said in a position on X that Powell’s “political bias” and “deceitful witness” should be investigated about the renovation of the Federal Reserve headquarters in DC.
Responding to the pool comments in a truth post, Trump said, “Very late” – the nickname used to lambstand to Powell should be resigned.
A few days after Trump’s latest broadcast sent a letter to Powell, the central banker demanded that the benchmark interest rate be reduced, which is currently 4.25 percent to 4.25 percent. There is a percent percentage.
The US President has repeatedly criticized Powell for not supporting a fast rate deduction, arguing that the alert role of the central bankers was retained economic growth and the concerns about inflation have diminished.
Low interest rates reduce the cost of borrowing for businesses and consumers, leading to economic growth.
But prices also affect inflation, which also wants central banks to keep low, and is expected to pressure Trump’s widespread prices.
On Tuesday, Powell told the panel’s discussion at the European Central Bank Forum in Portugal that the central bank had waited for the Central Bank to cut and look at the impact on Trump’s rates, many of which are in Limbo before the July 9 deadline.
Powell said, “In fact, when we saw the size of the rates, we stopped and all the US inflation estimated rates increased physically,” said Powell.
“We did not torture. In fact, we did not react at all; we’re taking a while.”
Trump has repeatedly demanded that Powell, whose tenure does not expire until May 2026, should be taken down or removed from the post in January.
Last week, Trump told reporters that Powell had to “down if you want”.
In April, Trump said that Powal’s “termination cannot be fast enough,”. Stocking up and hitting the US dollar rapidly after giving his threat after the stock??
Under the Federal Law of the United States, the president of the United States is allowed to remove the Fed Chair chair only to “reasons”, which is a provision that it means not a strategic decision but a specific misconduct.
In May, the US Supreme Court confirmed the President’s ability to remove the Supreme Central Bank in a decision that the Federal Reserve has a different situation compared to other independent agencies.
Trump told reporters on Tuesday that he had “two or three” choices in his mind to make Powell a success without detailing who was thinking.
