US President Donald Trump strengthens the pressure on the independent American Federal Reserve Fed. She should move too slowly and should lower interest, he said on Monday in his short message service truth social. A few days earlier he had proposed the central banking head Jerome Powell to release the monetary policy.
It is “the perfect time for this,” said Trump. In the mid -last week, the special rates of the US President imposed a large number of countries and therefore caused worldwide shocks on financial functions.
Jerome Powell said on Friday that it was “too early” to assess which monetary policy course should be followed in the future. Although the uncertainty is great, it is currently becoming clear that customs increase was considerably larger than expected. This also applies to the economic consequences, such as a stronger price bullet and slower growth.
Falling interest rates unlikely
The FED is highest alert because of the increased inflation, the central bank manager said. This speaks more against falling interest, at least in the near future. The rates for US trading partners around the world announced by Trump are not part of a strategy of the US president to collapse the financial markets and thereby urge FED to reduce interest, said the US government’s business consultant, Kevin Hassett. A video that Trump has shared on Truth Social, on the other hand, suggests that.
Powell was already asked for a Losser Monetary Policy Spoor in the first term of office (2017 to 2021) of the White House. At the time, Trump described the currency keepers as unsuspectingly and he was of the opinion that he could sell Powell. According to his own statement, this wants to remain in office until May 2026.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
