Trump demands that the Fed "immediately" lower its discount rate
Trump called Federal Reserve chief Jerome Powell a "big loser" and warned that the US economy could slow down if interest rates were not lowered immediately.
About it reports CNBC.
Trump claims that there is virtually no inflation in the United States at present, and that energy costs and most other things are falling.
"Because these costs have such a pleasant downward trend as I expected, inflation can hardly be, but there may be a slowdown in the economy if Mr. "late", the main loser, does not lower interest rates, NOW," Trump wrote. I mean Powell.
According to CNBC, Trump's attack on Powell, whom he appointed during his first cadence, came at a time when the president and his team are studying whether they can legally dismiss the Fed leader before his term expires in May 2026.
Any attempt by Trump to release Powell is likely to cause a sharp sale in US stock markets, Vice President Evercore IS said on Monday.
No comments:
Post a Comment