The president of the United States, Donald Trump, and the president of the United States Federal Reserve, Jerome Powell.
Wins mcnamee | Annabelle Gordon | Reuters
President Donald Trump launched his latest criticisms on the president of the Federal Reserve, Jerome Powell on Friday, while the discontent of the White House for the leader of economic policy reaches a high point.
Duration A session of questions and answers from Friday afternoon with journalists, Trump pointed out examples of prices that went down.
“If we had a Fed president who understood what he was doing, interest rates would also decrease,” Trump said. “It should tear them down.”
Trump has long argued that the Fed, which establishes monetary policy in the United States, should lower interest rates. His last comments arrive when the White House has increased his attacks against Powell in recent days.
The Economic Advisor of the White House, Kevin Hasett, said on Friday that Trump and his team are evaluating whether they can eliminate the Fed chair. Powell has previously said that Hey cannot be fired under the law and intends to serve until the end of his mandate as president in May 2026.
“The president and his team will continue studying a matter,” said Hassett at the White House after a journalist questioned whether to say goodbye to Powell “is an option in a way that was niece,” according to Reuters.
Trump published in Truth Social that “Powell’s termination cannot be quick enough.” Its publication included the nickname or “too late” for Powell, a continuation of Trump’s habit or giving satirical titles to political rivals.
Its use of the word “termination” raised questions about whether Trump referred to the possible elimination of Powell from his position earlier than expected. Hasset said Friday that the administration will analyze whether there is a “new legal analysis” that would allow Powell’s dismissal.
Powell looked like Irk Trump after saying Wednesday that the president’s contentious tariff plan could increase short -term inflation and create challenges for the Central Bank in the management of objectives of high employment rates and price stability. Powell said Trump’s taxes, many of which are currently in pause, are “will probably move us away from our goals.”
“We can find ourselves on the challenging stage in which our double society objectives are in tension,” Powell said in comments prepared before the Chicago Economic Club. “If that happened, we would like the economy to be of each objective, and the potentially different time horizons on which those respective gaps would be anticipated.”
Powell also said that the Fed was “well positioned to expect greater clarity before consulting any adjustment to our policy position.”
The Federal Open Market Committee has its indebtedness currently directed in a range between 4.25% and 4.5%, where it has been satiated since December. The futures of the FED funds have a price on a hood of more than 90% that the Central Bank maintains the constant rates again in its policy meeting next month, according to the CME Fedwatch tool.
As Trump’s team has expanded criticism, some Democrats have defended themselves. Senator Elizabeth Warren, D-Mass., Warned Thursday that a president dismissing the Chief of the Fed would be Diore for the financial markets of the United States.
“Understand this: if President Powell can be pumped by the president of the United States, he will crash into markets in the United States,” Warren said in CNBC.