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US Federal Reserve Chair Jerome Powell expects to talk at the conference on the 75th anniversary of the International Finance Department of the Federal Bearance Council in Washington on June 2, 2025.
Andrew Caballero-Reynolds | AFP | Getty pictures
President Donald Trump torn Federal reserve Department Jerome powder As “Numberskull” on Thursday, he turned the heat Central Bank chief to reduce interest rates.
Trump saves $ 600 billion a year, “but we can’t do this a year, which lowered the ratiers with a two percent point.” But we cannot do this. “
“We will spend $ 600 billion in a year, $ 600 billion, sitting here (and says) ‘I do not see enough reasons to cut the ratios” he said.
Trump added that inflation is good with increased ratios.
“But this,” said and “and I can have to force something.”
Trump’s insults came a few hours after the Labor Department US manufacturer prices In May, some economists rose less.
These and other recent economic readings have soaked some fears to increase pressure on inflation sponge and ancestored trumps and allies in the Fedia.
The latest attack on Trump to Powell was targeted by the Central Bank leader for the third time in two days.
Trading Secretary Howard Lutnick is incredible for our savings, “(Powell),” (Powell), and because we reduce interest rates. “
“The economy is ready for it. It’s easy. Inflation is low,” he said about Lutnick Fox News. “Come. It should see your job soon.”
Previously Wednesday, Vice President JD Vance wrote a Social media post“Refusal to reduce rates from the Fed is flawless.”
Markets are not based on Trump’s speech, which continues its latest efforts to Powell with the nickname “very late”.
After the next week meeting, the traders did not have an imprisoned chance because the Fed will cut the rates of the selfless and there was little chance of an action at July.
According to the CME Group in September, about 76%, about 76% of the odds working with about 76%, gave a chance to cut in September.
This is the news. Please update updates.
–CNBC’s jeff contributed to this report.
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