Donald Trump again insults Jerome Powell, dealing with “Fool, who has no idea” of the chief of the Fed after the status quo on the rates.
This Wednesday, the American Federal Reserve (FED) once again left its interest rates without changes in a range between 4.25% and 4.50%.
However, for weeks that Donald Trump insistently calls the Fed to reduce his rates. This would have the effect of absorbing the impact of its policies by giving an impulse to the economy, at the risk of feeding inflation.
“Great Loser”
The president called Jerome Powell last month last month of “immense loser” And seemed to look for a way to get rid of him.
But for Jerome Powell, there are “so many uncertainties” for the United States due to customs duties that “it is time to wait before adjusting monetary policy (…) we must observe more data,” he said.
“We could end in a difficult scenario where our two goals [plein emploi et inflation maîtrisée, NDLR] They are in tension, “said Jerome Powell.
The possibility of an interrogation of the independence of the Fed, a pillar of the US economy, frightened financial markets. Donald Trump ended up saying that “he had not intended” to send him back, while he continued to criticize him green.
Source: BFM TV
