Trump calls Fed chair ‘a numbskull’ who ‘makes it difficult for people to buy a house’ | Federal Reserve

Donald Trump renewed his attacks on Jerome Powell, called the US Federal Bank chair “Numbskull ve and accused him of“ making it difficult for people to buy a house ”.

He accused Powell of preventing Powell of preventing the Federal Reserve from lowering interest rates to make the residence more appropriate.

The latest figures showed that there were housing prices rising to the highest levels of all time after a decrease in winter and spring.

Powell, called the “too late ında in Social, the reality of its own social media platform, is expected to respond to calls for a control costs at the center of the Central Bank in Washington on Friday.

Trump has the opportunity to try to embarrass the FED chief after the planned $ 1.9 billion ($ 1.4 billion) renewal was about 600 million dollars compared to the budget.

Powell has been working since 2018 after Trump has nominated Janet Yellen in his first period.

On Friday, Trump said he was “really one of my worst appointments, before he accused Joe Biden. “The sleepy Joe saw how bad it was, and he still appointed him again – and the Fed Board did not do anything to stop Numbskull’s harm to so many people. In many ways, the Board of Directors is equally accused!” He wrote.

At his latest meeting, he kept the FED interest rates at a level of 4.25% and 4.5%, and Powell showed the possible impact of the President’s import tariffs on inflation as one of the main reasons.

According to the consumer price index, the US inflation rose from 2.4% to 2.7% in May in May, and business leaders accused of tariffs on imported goods for an increase in prices.

Trump constantly attacked Powell and implied that despite the White House Budget Director Russell Vought, he could make an unprecedented decision to dismiss him. in question On Thursday, the president was likely to expel the Fed Patros.

The Supreme Court recently claimed that the President could not shoot the FED chair.

Vought said that the management wanted to have an investigation. Fed’s problematic 2.5 billion dollar building renovation. “I think the president was quite clear… He wasn’t likely to ignite the chair, but he has important concerns about how he manages the Fed,” he said.

Christopher Waller, the seven governors on the FED Board of Directors, said that if Trump is asked by Trump, he would accept the Fed president. The intervention came by one of Powell’s colleagues, a few hours after joining the president in calling a ratio deduction this month.

Waller said: “In 2019, the President contacted me and said, iniz Can you serve? ”And if the President contacted me and said, ‘I want you to serve.’

This month, Trump took the unusual step to write to Powell to say how weak the Central Bank boss, especially the European Central Bank and the UK Bank, to say how weak the Central Bank boss was. “You have cost a reserve to the United States and you continue to do so. You should reduce the rates too much!” Embers written To Powell.

In his latest social media post, he wrote: “’too late’ and the FED drowns the housing market with high rates, which makes it difficult for people to buy a house.

“The US is shaking, there is a very low inflation and we deserve to be at 1%, we save one trillion dollars a year from interest costs. I cannot tell you how stupid it is – very bad for our country!”

A Finance Ministers Meeting from the G20 gave Powell support, saying that it is very important to maintain the independence of the central banks.

Following the two -day meetings in Durban, South Africa, attended by the UK Chancellor Rachel Reeves, the final communiqué on Friday stressed the importance given to central banks without political intervention.

He said: “Central banks are strongly connected to consistent price stability with their own duties and will continue to adjust their policies in a way of data. Central Bank’s independence is very important to achieve this goal.”

US Treasury Secretary Scott Bessent was missing in the event without providing evidence to support the claim after a dispute with the South African administration, accusing Cyril Ramaphosa of Trump of dealing with the murder of white farmers.