Trump assaults Jerome Powell: it is a silly one | EUROtoday

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“Too late. Jerome Powell is a stupid who has no idea. Other than that, I really like it! Oil and energy in strong decline, almost all costs (food and “eggs”) in decline, practically no inflation, money from the duties that enter the United States, the exact opposite of “too late”! Have fun! ». So on Truth US President Donald Trump returns to attack the president of the Federal Reserve Jerome Powell who, despite his insistence, has maintained rates unchanged, fearing the risk of an increase in inflation in the uncertainty situation caused by duties.

Trump’s comments hit once again the independence of the Fed, a move that could shake the markets already upset by its continuously evolving tariff plans.

The president repeatedly sent conflicting signals on the possibility of firing Powell. Last month, Trump openly thought of firing Powell and his main economic adviser said that the administration was evaluating if he had the power to do it, just to feel later said by the president who had no intention of doing it.

“Why ought to I do it? Could I change that particular person shortly,” Trump said in an interview that aired on Sunday on Meet The Press of the NBC, when he was asked if he would have tried to remove Powell before the end of his mandate as president in 2026.

Trump is irritated for the alternatives of the Fed, commonly asks for decrease charges and accuses the central financial institution of not listening to his requests for political causes.