President Donald Trump has made a new criticism of US Federal Bank (FED) president (FED) Jerome Powellexpressing his frustration over the delay in reducing the interest rate During yesterday’s (29.4.2025) event for the celebration of the 100th Day of his term.
“Inflation has virtually lowered and interest rates have fallen despite the fact that I have a Fed person (Jerome Powell) who really doesn’t do a good job,” Trump told a rally just outside Michigan’s Detroit. The president’s complaint came, though earlier this month, he said he did not intend to dismiss the head of the Central Bank, despite the persistent criticism of the Fed interest rates.
The uncertainty about Powell’s fate shook the markets, exacerbating investors’ fears of Trump’s plans for duties. “You are supposed to not criticize the Fed,” Trump said. “You’re supposed to let him do his own things – But I know a lot more than him about interest ratesยป.
Trump surrounded criticism of a broader defense of the economic policies he signed, arguing that his sweeping duty program would inspire a wave of economic growth and attract manufacturers back to the US. However, a few hours before the rally, Trump signed instructions on relaxing some of his scheduled duties – including a two -year 25% reduction in car components for accessories used in cars and trucks that have finished in the US.
The president described this move as a “little flexibility” aimed at offering companies time to convey their production back – while addressing a terrible warning to automakers that may still be looking for accessories. “We gave them a short time before we slaughtered them,” Trump said.
Polls show that voters are skeptical of Trump’s financial agenda and are worried that duties could lead the economy to recession and launch consumer prices. Consumer confidence in April has fallen into low five years.
While Trump in Michigan rejected investigations as biased against him, He attempted to rebuild support for his financial agenda – by framing the duties as a necessary step to offset the cost of his upcoming tax legislation. The bill is an extension of the 2017 tax cuts, but with additional data, such as the abolition of tax salary tax, social security and overtime pay.
Warned of potential Republican criticssaying that should be disputed if they do not support his agenda. “Remember who these big cars are and vote for them from office,” Trump said.
The event was the mythical reference point of the early presidential success before a audience found right in the middle of Trump’s campaign to reform world trade and rebuild the US industrial base. The Makob Count – which garnered 56% in favor of Trump in the 2024 presidential race – is indicative of many former Democratic strongholds, which were receptive to the president’s financial promises during the election campaign.
Victory in these areas helped him easily return to the White House, scanning all seven states that are oscillating and securing the popular vote. Many residents in places such as Detroit’s suburb – where factories are connected to General Motors and Stellantis – defended Trump’s aggressive trade policytaking advantage of his promises of rejuvenating domestic manufacturing and reviving well -paid jobs in factories.
But automakers warn that strict duties could instead cause factories and job losses.