President Donald Trump answers the question of a journalist on prices and addresses his quarrel with the president of the federal reserve Jerome Powell in the White House.
President Donald Trump Thursday, criticized the president of the federal reserve Jerome Powell one day after the Central Bank’s decision not to reduce interest rates.
“” Too late “Jerome Powell is a fool, who has no idea,” wrote Trump in an article on Truth Social. “Apart from that, I like it very much! Oil and Energy Bay Down, almost all costs (grocery and” eggs “), practically no inflation, price of money paid in the United States – the exact opposite of” too late! “Take advantage!”
THE Fed Wednesday announced that it would leave its unchanged reference interest rate while decision -makers continue to monitor inflation and the labor market in the middle of high levels of economic uncertainty.
The Fed announced Wednesday that it would leave its unchanged reference interest rate. (Photo by Olivier Douliery / AFP via Getty Images / Getty Images)
With economic tumult, a serious concern has appeared: stagflation
The Central Bank’s decision leaves the rate of federal reference funds for a range of 4.25% to 4.5%.
The Federal Open Market Committee, which guides the central bank’s monetary policy movements, noted in its announcement that “[u]especially around the Economic prospects has increased further “and the Fed monitors the risks on both sides of its double mandate, adding that the risks of higher unemployment and higher inflation increased.
Powell said at a press conference on Wednesday that Trump reviews and call for rate reductions will not affect the central bank to do its “at all” work.
President Donald Trump, on the left, and the president of the federal reserve Jerome Powell. (Getty Images / Photo Illustration / Getty Images)
“We will always do the same thing, that is to say that we will use our tools to promote maximum employment and price stability for the benefit of the American people,” said Powell. “We will always consider only economic data, perspectives, risk balance. And that’s it. That’s all we are going to consider. So that really affects neither our work nor the way we do it.”
Trump more recently Called the Fed to reduce prices last week after the employment report in April, citing a drop in petrol and grocery prices and a large number of jobs.
Inflation slowly slowed down 2.8% in February before the federal reserve meeting
President Donald Trump recently called the Fed to reduce rates last week after the employment report was published in April. (Saul Loeb / AFP via Getty Images / Getty Images)
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THE Fed’s latest decision Comes after the central bank left the rates of 4.25% to 4.5% to its two previous meetings in January and March, which followed three consecutive rate drops during its previous meetings – which involved a reduction of 50 points in September and a pair of discounts of 25 basins in November and December.
