Trump ‘may change mind’ about firing Fed Chair
US President Donald Trump repeated the idea of expelling the Federal Reserve President Jerome Powell, where he has attacked the interest rates he wanted to be reduced for a long time.
Orum I don’t know why the Board did not invalidate (Powell), ”Trump wrote in a long article on the truth criticizing the Fed policy. “Maybe, maybe, will I have to change my mind about firing him? But no matter what, his term ends in a short time.”
Trump added: ım I tried all different ways that my strong criticism of it should do what it has to do and reduce the rates. ”
FED policy makers have long been seen as isolated from the dismissal of the Presidency for the reasons other than ill -treatment or abuse, but Trump threatened to test this legal pioneer with long -term threats to Powell.
Last week, Trump left the idea aside. “I will not fire him,” he said at the White House on June 12th.
On Wednesday, the FED kept 4.25 percent of 4.50 percent and slow growth and higher unemployment and inflation forecasts until the end of the year.
Fed Governor Chris Waller, who floats as a possible Trump choice to become a successor of Powell, said on Friday that inflation has fallen and the signs of slimming of the labor market should be taken into consideration in July.
However, even the Waller, Powell’s six other board members or five votes, the regional Fed Bank president did not point to any tendency, unanimously, unanimously participated in the decision to leave the rates.
Partially selected according to the belief that voters may contain high inflation, the President of the Republican United States applied to the office tariff increases. Repeating an academic consensus, Powell said that some of these tariff increases will be paid at higher consumer prices.
Powell’s mission ends in May 2026 and Trump is expected to nominate a successor in the coming months.
In May, a Supreme Court decision alleviated Trump’s concerns that he could expel Powell as a justice called “uniquely structured, semi -private being”.
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