Trump: Jerome Powell, a stubborn idiot, must now significantly reduce interest rates

US President Donald Trump said on Friday that if the president of the Federal Reserve (FED), the American Central Bank, Jerome Powell will continue to refuse to lower interest rates, then the Fed Governors Council should take over the rudders.

– Jerome Powell, a stubborn idiot, must now significantly reduce interest rates. If he still refuses, the Governors' Council should take control and do what everyone knows that you need to do! – Trump wrote in a post on his Truth Social social networking site.

On Wednesday, the US central bank maintained interest rates unchanged, and the comments of the President of the Federal Reserve Powell weakened the hopes of markets to introduce discounts in September – emphasized the Reuters agency. Powell argued that the decision was influenced by uncertain economic perspectives and still unclear effects of introducing customs.

Trump, who strongly demanded an immediate and significant reduction in interest rates, reacted to this with anger.

The Wednesday decision of the FED was made by the ratio of 9 to 2 votes, which means that in the central bank, which is guided by consensus, the voices are divided. Two presidents of the Federal Reserve expressed an objection for the first time in over 30 years. (PAP)

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