Trump attacks the Fed again: « He has to lower the rates. » And it reveals: « I’ll soon say the name of the new boss »
President Donald Trump has returned to criticize the head of the Fed, Jerome Powell, accusing him of not wanting to lower interest rates: « There is no inflation, it is incredible ». And announces that it will soon be replaced
The attack on Federal Reserve by Donald Trump It’s not new. Just a few days The President of the United States had labeled the number one of the Fed, Jerome Powell, « Too Late », too late. But now Trump has announced that he is close to solving the « problem »: the name of the new chief of the Federal Reserve « will come out very soon », underlined The Donald speaking with journalists, without revealing who is considering to replace Jerome Powell. « I have a rather good idea, » he limited himself to saying the US president. In fact, giving Powell’s Benservito.
« Incredible I don’t lower the rates »
Moreover, Trump has never hidden the disappointment for Powell’s work, and even today he returned to criticize the head of the Fed accusing him of not wanting to lower the interest rates just when the eighth consecutive cut of the ECB has arrived in Europe. « There is no inflation – he said, talking again with journalists – rates should be lower but he (Powell, editor’s note) does not want to lower them. It’s incredible ».
