The US president Donald Trump He stood again today against the President of the Federal Bank of USA (FED) Jerome Powellfor which he said he was delaying the reduction of interest rates, and should have already been done.
Specifically, in a post on the Truth Social platform on Thursday (17.4.2025), Donald Trump called Jerome Powell, who appointed his first term as “too late” and expressed his indignation at the Fed’s decision to maintain unacceptable interests.
The European Central Bank (ECB) is preparing to reduce interest rates for the seventh time, yet “Too Late” Fed’s Jerome Powell – He always delayed and wrong- he published Wednesday (16.4.2025) another typical exhibition that is “absolute chaos”! “, Trump wrote. The customs duties that Trump wants to impose “complicate” the situation for the Fed, Powell said yesterday, estimating that these additional duties “will certainly bring at least a temporary increase in inflation”.
‘Oil prices fall, prices (even eggs!) Also US are rich thanks to customs duties“, Trump replied early this morning, for whom the Fed chief” is always too slow and is always unfair. ” The Republican leader had already called on Powell on April 4 to reduce interest rates, then considering that it would be “the perfect time” for that.
It was not immediately clear whether Trump was referring to the scheduled end of President Powell’s scheduled term, which would be completed in May 2026, or if Trump sought Powell’s removal from the presidency. Powell’s term as a ruler lasts until February 2028.
The Fed has maintained from the beginning of the year steadily the main interest rates between 4.25% and 4.50%.