Trump attacks Powell and calls for foot reduction. “He will probably give the body again”

Jerome Powell, the president of the Federal Reserve, i.e. the US central bank, should lower interest rates as soon as possible – wrote Truth Social Donald Trump on Saturday. The US president had already called for foot reduction and criticized the head of the fed.

“Almost everyone agrees that +FED should lower the feet as soon as possible +” – says Trump's post. Powell “probably will give the body again, but who knows ???” – the president added.

Trump had already criticized Powell and called him to lower interest rates. He said, for example, that the head of the Fed “always late” with lowering his feet and argued that if he wanted to, Powell, whose term ends next year, would leave his position.

Numerous previous statements of the president about the Fed or Powell led to turmoil on markets and sales of US shares and bonds and a decrease in the dollar exchange rate, which was called the “Sell America” ​​trend.

The federal reserve is considered one of the most important financial institutions in the world; However, if the Fed lost their credibility, he would lose his ability to influence markets. And the US central bank may lose its credibility if, due to Donald Trump's pressure, it depends on the executive power. (PAP)

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