Trump calls for US central bank head to quit immediately
US President Donald Trump asked the Federal Reserve president to quit immediately with the increase in his attacks on Jerome Powell.
“‘Too late’ must resign immediately !!!” Trump said, Real Social Platform.
He also added a link to a news article about a US Federal Housing Organizer who wanted to be investigated by Mr. Powell’s Central Bank on the renovation of the Central Bank to Washington center.
Trump nominated Mr. Powell as the FED President in his first period. Since then, he has been criticized over and over again because he did not reduce interest rates, but unclear whether the president had the authority to dismiss him.
Despite the President’s criticism of Mr. Powell, he said earlier this year “he had no intention of expeling him”.
Trump wants the Federal Reserve to reduce interest rates to help increase economic growth.
Mr. Powell said on Tuesday, Fed’s Trump’s tariff policies had no effect on his rates, he said.
During the Central Banning Meeting in Portugal, if the administration had not announced the plan to sharpen the tariffs in countries around the world, when asked whether the US rates would be cut again this year this year, “I think this is true.”
The US Federal Reserve refused to comment on Trump’s lyrics when he contacted the BBC.
Before Trump returned to power at the beginning of this year, Mr. Powell said he would not resign if he wanted the President and that the White House forced him was not allowed to “law.”
According to the decision of the US Supreme Court in 1935, members of the board of directors of independent federal agencies such as federal reserves, but the conditions of the “case” may be forced before the expired time.
However, Trump challenged political norms, including the actions discussed in court to expel some independent organizers.
On Wednesday, Bill Pulte, Director of Federal Housing Finance Agency, who had previously criticized Mr. Powell strongly, asked for investigation.
I ask, “President Jerome Powell of the Congress, his political prejudice and his deceptive senate testimony, enough for ‘why’ to be removed,” I ask. Sent to x.
Last week, Mr. Powell told the Senate that reports about rising costs and expensive features in the center of the Fed were “misleading and wrong in many ways”.
