Trump climbs his attack on Powell again and demands that interest rates be reduced immediately
US President Donald Trump from his attack on the president Federal Reserve Jerome Powell , demanding a reduction Instant interest rates , at a time when Powell adhered to his careful position on the interest policy, during his semi -annual report to the US Congress.
and in publications on his platform "Truth"Description Trump Powell B."Stupid"Accusing him of"Incompetence"Adding:
"We will be forced to pay the price of his mistakes to come". "Europe reduced the benefit 10 times, and we did nothing"Stressing that the American economy is great and does not suffer inflation, which justifies – according to his opinion – to reduce interest rates by two points to 3 degrees Celsius, which is what "It will provide the United States more than 800 billion dollars annually"
Powell demands to wait. "In a good position it is allowed to wait"Saying: "We want to learn more about economic developments before any review of monetary policy". "It may lead to high prices and negatively affect economic activity"This threatens to return to inflation again. "Perhaps I will have to change my opinion about his dismissal". The two men were tense in more than one station, especially when the federal decisions contradict the financial policies adopted by Trump.
Despite the escalation, Powell stressed that the American Monetary Agency "It works independently and serves the interest of the economy and society"Noting that the role of reserve is an investigation "Full employment and price stability"And not to satisfy the executive authority.
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