United States president Donald Trump requested on Thursday the dismissal of the president of the Federal Reserve, Jerome Powelland described his reports as a “complete disaster.” Besides, demanded a cut of interest rates.
Trump expressed his frustration in a message on his social network Truth, stating that Powell should have dropped interest rates for a long time, Like the European Central Bank (ECB). Emphasized the Powell’s urgency of the dismissal.
The American tycoon He criticized Powell for always arriving late and being wrong, Especially compared to the ECB, which is expected to cut interest rates for the seventh time. He described Powell’s report as another typical and complete disaster.
Trump highlighted the fall in oil and food prices, including eggs, and said The United States is benefiting from tariffs.
Powwell’s posture
Powell has emphasized the need for US inflation, which reached 2.4% in March, above the objective of 2% of the Fed, show a more constant slowdown Before more fees can be made. Current rates are between 4.25% and 4.5%.
Powell also mentioned that Current data They suggest that the solid growth of 2024 has slowed down in the first quarterwhich coincides with the context of the commercial war initiated by Trump.
The acting of the ECB
The European Central Bank (ECB) is expected to lower interest rates In a quarter -point, from 2.5% to 2.25%, due to President Trump’s trade war, which is expected to reduce the already weak growth in the region.
