According to Kevin Hassett, an advisor to the US President for Economic, “The president and his team will analyze this matter“.
Earlier, on Thursday, Donald Trump said that If he wants it, the president of the Federal Reserve Powell “very quickly” will leave the position. Once again he criticized the head of the central bank, claiming that he was “guilty of Americans lowering interest rates.” The president assured that he has the right to release Powell
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Jerome Powel to be released. Who instead
As CNN noted on Friday, according to many experts Trump is not authorized to dismiss the President of the Fedhowever, the president clearly hinted that may want to break with the existing ruleseven if it is potentially associated with huge consequences.
According to CNN, the main candidate for the head of the Central Bank in exchange for Powell – whether after the end of his term in 2026 or earlier – is Kevin Warsh. Trump previously considered his candidacy for the Minister of Finance in his second term.
Scott Bessent, Secretary of the US Treasury, Bloomberg's agent told that Talks with candidates for Powell's successor will start in autumn.
According to some observers, Bessent became the Minister of Finance to WARSH remained up his sleeve as a possible candidate for the president of the Fed.
The head of the French Central Bank Francois Villeroy de Galhauquoted on Friday by the Reuters agency, assessed that Powell is an exemplary president of the bank who tells the truth about the state of the American economy and does not give in to political pressure.
Donald Trump criticizes the head of the federal reserve
On Thursday, Trump once again criticized Powell, claiming that he did not do his work well. He assessed that he was always “late” with lowering interest rates. Stated that The head of the Fed puts the US in a worse position towards Europe because The European Central Bank consistently reduces its feetwhile Powell has been refraining from December.
Read also: Good news from the USA on inflation. Fed will have more flexibility
Criticism of Trump was a response to the Wednesday speech of the President of the FED in Chicago, in which he assessed that The duties imposed by Trump can contribute to the increase in inflation – perhaps also for longer – and reduction of economic growth. He also suggested that in connection with the uncertainty of commercial policy, the Federal Reserve would refrain from further foot cuts.
