President Trump on Thursday blown Federal Reserve President Jerome Powell, insulted the head of the Central Bank to re -choose Do not reduce Interest rates.
Trump wrote in a post, “Jerome ‘to Late’ Powell has done it again !!! Social on truth,
“He is costing the trillion dollars of our country, in addition to the most incompetent, or corrupt, renovation of a building (s) in the history of construction, there is another way, ‘too late’ is a total loss, and our country is paying the price!” The President said.
Central bank of nation on Wednesday Put short -term interest rates 4.25 percent to 4.5 percent level. Saw votes First double dissatisfaction In more than 30 years, Fed Board officials when supervised Michelle Boman and Vice Chairing of Board Goav. Christopher Waller – Who are both running for Trump Enrollment to change Pavel when his term ended in May – voted to reduce him.
On Thursday comes after Trump’s insult Quite a cordial meeting He was with Powell at the Federal Reserve Headquarters last week to review the renewal of the building.
Fed chair on Wednesday Talked a lot about Trump’s visitSaying that it was a “honor” to host the President and immediately after the journey, Trump said There was no stress Between him and the chair.
The President predicted the Fed that on Wednesday at low rates at low rates “, at that time,” I have heard that they are going to do it in September, not today. For what reason? Nobody knows. “
He also said that “a lot of money is coming” and “no inflation” is so the rates should be reduced.
The latest rate was announced a few days before Trump August 1 tariff time limitPowell is Assured Uncertainty around the President’s trade agenda and market instability as a reason to keep interest rates stable.
