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US President Donald Trump, Federal Reserve Chair Jerome Powell on Thursday, to prevent interest rates, the Central Bank has renewed a possible threat to a large law on long-term political independence.
“If I wanted him, he said that the journalists asked journalists during his visit to Trump, Italian Prime Minister Giorgia Meloni. “I’m not happy with him.”
Trump’s comments followed A post on social media site Powelle called Powelle to reduce the short-term interest rate of the President Fed and “Powell’s termination can not come fast enough!”
Powell’s seat ended in May 2026.
Was Powell initially put forward by Trump In 2017 and appointed another four-year term In 2021, then by President of the United States Joe Biden.
At the November press conference, Powell, Trump resigns and wanted the speech on Wednesday, “our independence is a law issue”.
He added: “We cannot be removed, except for the reason. We serve a very long time, seemingly endless conditions.”
Inflation, tariffs and trump
Trump’s criticism, as “inflation”, it is due to its opinion.
Fed, in 2022 and 2023, in 2022 and 2023, the Hereafter and expenditures and inflation was 2.4 percent to 2.4 percent to 2.4 percent. Inflation, the target of the fed is not more than two percent. Fed decreased three times in the end of last year.
However, most Powell and other fed politicians have stressed that they caught Trump’s sweeping tariffs, all import and 10 percent tax 145 percent of import From China.
On Wednesday, Powell reiterated that they would be more clarity before making any movement of the Fed, and that the tariffs would serve inflation.
Powell is strong that Fed is independent of politics, and that he has been stressed since the 1970s. The back, Fed, the 1972 election of interest rates, which prevents 15 years of inflation that prevents the requirements of President Richard Nixon, was widely seen as deterioration.
Economic research is more likely to inspect the inflation of an independent central bank, because it is more likely to refer to things that are not popular as interest rates to fight rising prices.
Wall Street investors also prefer an independent verb if the Stock Exchange does not react to Trump’s comments.
Fed says ‘will not be affected’
Powell said that Fed decisions would justify the best for all Americans on Wednesday.
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Powell said, “The only thing is the only thing,” said Powell. “We will never affect any political pressure.”
He also suggested that the central bank would fight inflation in the aversion of the tariffs that they would probably keep prices at a high level.
Trump complained that interest rates are still rising, because we have a federal reserve chairman playing politics. ” After the announcement of Trump trading penalties, more long-term rates rose.
Members of the Trump and Economic Team, they want more long-term interest rates, they want Americans to be cheaper to buy home, cars and appliances. However, the Fed controls the short-term degree and can only affect the indirect debt costs.
Before the US Supreme Court, the President of the President of the president could facilitate the firing of the highest officials in independent organizations. There are two existing trump fever that these justices are working while doing.
Powell said that he was closely following the lawsuit, but did not apply to the Fed, taking into account the exempt from liberty in the central bank in the past. Lawyers for the Trump management, seeking to narrow the attention of the work, he said he did not attract the Fed.
In an agitation interview with Bloomberg News in 2024, Trump said he would allow Trump Powel to serve as a chairman. At the beginning of this month, Trump’s best economic adviser Kevin Hassett said in a television interview “There will be no political compulsion in the Fed.”
Powell began a second term in a relatively reliable way with inflation, which can protect it by the target of two percent of the Fedin with the ratio of unemployment and inflation.
However, Trump’s tariffs have increased the threat of a recession, which has higher inflationary pressure and slower growth, stabilizing powers and maximize employment.
With the weakening of the economy due to Trump’s actions, the President seems to blame Powell’s sin.
