Frustrated by lack of interest rate cuts, Trump comes up with the idea of ​​firing Fed Chair Powell

A tough screed against the Federal Reserve Chairman Jerome PowellPresident Donald Trump, who has attracted financial policy figures while demanding interest rate cuts, has come to mind the idea of ​​firing him.

“I don’t know why the board won’t override this total and total idiot! Maybe, maybe I have to change my mind about firing him? Trump declared in Truth Society on Friday. post.

Last week, Trump said he had no intention of firing Powell.

The FHFA director has called for him to step down from the Fed’s chair: “Powell is committing a great injustice in this country.”

Trump’s The rate reduction pressure campaign has proven fruitless so far.

Despite repeated broadsides and enthusiastic defenses of lower fees, the statement earlier this week said: Federal Open Market Committee “We chose to keep the target range for federal funds at 4-1/4 to 4-1/2%.

Unsatisfied Trump is called Powell in the True Society on Thursday and is called “one of the stupidest and most destructive people of the government.” postclaims that the Fed Committee is conspiring.

Fed governor breaks ranks with Powell, signal rate reductions could begin next month

“‘Too late’ Powell complained about costs, many of which were produced by Biden’s fake government, but he was able to do the biggest and best job for our country by helping to lower interest rates.

During his first term in office, Trump nominated Powell for the post. president Joe Biden He later slammed Powell in another term.

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“I fully understand that my strong criticism of him makes it more difficult to do what he has to do and lowering the rate, but I’ve tried it all differently. I’m great, I’m neutral, I’m nasty, neutral and it didn’t work!