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Since the arrest, President Trump was subjected to the ruthless attack of the President of the Federal Reserve Jerome Powell. Despite insulting, Trump can store Powell for at least one main reason.
The President launched the latest attack on Powel, called him “stupid” after Fed on Thursday selected to stop interest rates Wednesday.
“‘Very late’ Jerome Powell is a clue. Besides, I love it down, almost all costs (groceries and ‘eggs’), almost all costs, USA tariff money – ‘too late!’ Enjoy the full contrary, “Trump wrote a truth social post Thursday.
The president became the previous Powell to be fired. At the meeting with the Italian Prime Minister Giorgia Meloni, Trump claimed that Trump could take Powell last month “Real fast.” Yet he collapsed later and in an interview Reach the press This week reiterated that he would not ignite Powel.
“Why would I do it? I’m getting me to replace me in another short time,” said Trump Powel.
As the chairman of the Fed, Powellin was organized in May 2026 and said he wanted to serve the rest of his term. It would be to remove it the unique sign of the intervention With the independent central bank and likely it will lead to the unsteadiness of the market.
Again, there can be another good reason to keep Powel around Trump, a financial professor Robert R. Johnson at Creighton University.
“My belief, Trump’s Fed Chair’s criticism Jerome Powell’s’ sampling of the scenario of the scenario of the heads of the heads I win,” Johnson said Fortune. “That is
The weight of 6% of Trump’s foundation is the weight of tariffs, plus China’s 145% tariffs and more in the economy. A few companies have announced Higher prices come and US GDP combed For the first time in the first quarter, for the first time for the first trade office.
Again, the economy is not all bad. Risks for unemployment and inflation increased compared to March, Dusty note The basics of the economy are strong on Wednesday.
“If you look at the type of distortion in Q1 GDP, there is still an economy that grows in a solid pace. The labor market looks strong. Inflation is a bit above two percent. Thus, in a firm and in good condition.”
This story was first displayed Fortune.com