Jerome Powell, Chairman of the US Federal Reserve, is waiting to speak on June 2, 2025 during a conference on the 75th anniversary of the International Financial Department of the Federal Reserve Board in Washington, DC, on June 2, 2025.
Andrew Caballero-Reynolds | AFP | Getty pictures
President Donald Trump tore up on Thursday as “Taubkull”, Jerome Powell, as “Taubkulle” when he turned on the heat chief's heat on the lowering of the interest rates.
Trump claimed in the White House that the reduction in interest rates would save 600 billion US dollars a year by two percentage points, “but we cannot get this guy to do it.”
“We will spend 600 billion US dollars a year, 600 billion US dollars [and says] “I don't see enough reason to lower prices now,” said Trump.
Trump added that it was good for him if the Fed -based adopters increased the interest rates when inflation rose.
“But it's down,” he said, “and maybe I have to force a little.”
Trump's insult came hours after the Ministry of Labor reported that the US producer prices rose less in May than some economists expected.
These and other recent economic readings have some fears about a sudden tariff-induced inflation tip-and Trump and its allies to increase the pressure on the Fed.
Trump's most recent attack on Powell was the third time in two days that a member of his administration was aimed at the guide of the central bank.
Minister of Commerce Howard Lutnick said Wednesday evening: “It is unbelievable how much we would save if we would save if we saved if we saved if we saved [Powell] Has done his job and he lowered the interest. “
“The economy is ready for it. It's simple. Inflation is low,” said Lutnick in Fox News. “Come on. He will have to do his job soon.”
On Wednesday, Vice President JD Vance wrote in a social media contribution: “The rejection of the Fed to reduce interest rates is monetary grievances.”
The markets were mostly from Trump's statements that continued his recent efforts to brand Powell with the nickname “too late”.
The dealers have practically no chance that the Fed will reduce interest after its meeting next week, and little chance of moving at their meeting in July.
The dealers assigned a greater chance of a reduction in September, with the chances on Thursday around 76% compared to 69% before a day before CME Group data.
These are a contribution. Please update updates.
– Jeff Cox from CNBC contributed to this report.
Comments are closed.