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Jerome Powell, Chairman of the Federal Bank, shares a half -year monetary policy report by the Federal Bank.
President Donald Trump On Tuesday, the central bank called by saying that the central bank should reduce interest rates.
« Interest should be lowered, something that would go hand in hand with future tariffs !!! » Trump said the truth in a social message. « Given rock and roll, America !!! »
President’s comments come from day after Fed chairman Jerome Powell Said Capitol Hill that the central bank does not have to « hurry » to lower interest rates.
Federal Reserve keeps interest rates stable in the midst of inflation uncertainty
« We don’t have to hurry to customize politics, » Powell testified on Tuesday in the Senate Bank Committee. « We know that reducing policy mitigation too fast or too much can prevent inflation from progressing. At the same time, reducing policy curbing too slowly or too little could unduly reduce financial activity and employment. »
Jerome Powell, Chairman of the Federal Central Bank, proved in the Senate Bank Committee on February 11, saying that the Central Bank « does not have to be urgently adapted to our policy attitude ». .
Fed officials held at their last January meeting The number of federal funds flat between 4.25% to 4.5%.
Trump says he won’t shoot Fed Chairman Jerome Powell
It follows three consecutive interest rates at the latest meetings of the Central Bank, from September to a 50-point cut in September and a couple of 25 minor reductions in November and December.
The FOMC January statement stated that the FED will continue to dual authority to achieve maximum employment and inflation by 2 % in the longer term. It added that « financial outlook is uncertain, and the committee is attentive to the risks on both sides of its double authority. »
Trump’s Wednesday message is not the first time the president has commented on interest this year. He said in the speech of the World Economic Forum in January that he plans to lower the price of oil and, in turn, energy prices to combat inflation – which he said should be the FED impetus to reduce interest.
« As the oil prices fall, I demand interest rates immediately. And so they should fall around the world. Interest should follow us, » Trump said.
While speaking before the World Economic Forum in Davos in Switzerland, Trump said he demanded that interest is lower than the current level. A potential sign that he has set up a possible battle with the central bank.
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At a press conference after the Fed January January decisions, the reporter asked Powell if he would have an answer to Trump’s comments for the World Economic Forum. The reporter asked the Fed chairman whether Trump had conveyed this claim to him, as if he had an answer or what the impact of such comments on the president has.
« I have no answer or comments on what the president said. It is not appropriate for me to do so, » Powell said at the time.
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