Insists on reducing US Federal Bank interest rates, the US president, Donald Trumpas he once again stated that the president of the FedJerome Powell, moves with a long delay in reducing borrowing costs.
“Europe has made 10 interest rate cuts, none. Despite (Powell), our country is famous. Go ahead for an entire percentage point, “Trump wrote in a post on the Truth Social platform. Central banks usually limit interest rates changes to one -quarter changes to the unit. The US president has said that the Fed is always able to raise interest rates if reductions lead to inflation.
Trump has repeatedly criticized Powell because he does not reduce interest rates as the US president wants.
He regularly launches verbal attacks on the head of the Fed and has even said that he wants to see him leave the Federal Bank, but does not intend to try to dismiss him.
The two men met face -to -face for the first time last week, with Trump telling Powell that he is “slaughtered” that does not reduce interest rates.
In May, the Fed kept interest rates in the range of 4.25%-4.50%, where it has been in December, and policy makers have since said they can leave them there for a few more months as they expect more clarity on Trump’s tariff policy.