Trump calls on US Fed board to take over from Powell

President Donald Trump calls for the Federal Reserve Governor Board to usurp the power of President Jerome Powell and criticizes the US Federal Bank President for not reducing short -term interest rates.

Trump, who sent the truth to the social platform on Friday, called Powell “stubborn”.

The Fed chair was subjected to vicious verbal attacks by the President of the Republic for several months.

The FED has the responsibility to balancing prices and maximizing employment.

Powell, FED officials, Trump’s major tariffs on inflation should see what effects on the inflation, saying, this year, maintaining the criterion ratio for loans this year.

If Powell does not receive “significant” lower rates, Trump should take control of the Board and do those who know that everyone should be done! ” He said.

Trump sees that ratio cuts lead to stronger growth and lower debt service costs for federal government and homeowners.

The President argues that although the Fed’s preferred measure is 2.6 percent annually than the Fed’s two percent targets, but there is almost no inflation.

Trump requested to reduce the comparison rate of the FED by three percent and was significantly reduced from a average of 4.33 percent of the current average.

The risk is that it can cause more money to absorb more money in the economy, and possibly cause inflation to accelerate.

In a decision in May, the Supreme Court argued that Trump could not remove Powell for policy disputes.

This led the White House to investigate whether the FED chair could be fired due to cost -effectiveness in renewal projects of $ 2.5 billion ($ 3.9 billion).

Powell’s term as a chair ends in May 2026, and at this point, Trump can put the Senate approved selection on the chair.