Trump can't, but he will slow down the head of the fed? “We will analyze the case”

President Donald Trump and his team will continue to analyze the case regarding the possible release of the head of the federal reserve, i.e. the Central Bank, Jerome Powell – said Kevin Hassett on Friday, adviser to the US President for Economic.

“The president and his team will be analyzing this matter,” Hassett told journalists, asked about the possibility of releasing the head of the Fed.

On Thursday, Trump said that if he wanted to, the president of the Federal Reserve Powell “very quickly” would 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.

As CNN noted on Friday, according to many experts, Trump is not authorized to dismiss the President of the Fed, but the president clearly hinted that he may want to break with the existing rules, even if it would be potentially associated with huge consequences.

According to CNN Kevin Warsh. Trump previously considered his candidacy for the Minister of Finance in his second term.

Bessent told Bloomberg that talks with candidates for Powell's successor would start in autumn.

According to some observers, Scott Bessent became the Minister of Finance, for Warsh to stay up as well as the future candidate for the President of the Fed.

The head of the French Central Bank Francois Villeroy de Galhau, quoted on Friday by the Reuters agency, estimated 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.

On Thursday, Trump once again criticized Powell, claiming that he did not do his work well. He estimated that he was always late with lowering interest rates. He stated that the head of the FED is putting the US in a worse position towards Europe, because the European Central Bank consistently lowers its feet, while Powell has been abstaining with it since December.

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. (PAP)

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