Donald Trump says Fed chair Jay Powell’s ‘termination cannot come fast enough’

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Donald Trump hit Jay Powell on Thursday that “the federal reserve chair expired” may not come quite fast “because he accused him of failing to reduce interest rates rapidly.

The US President said in a post on his true social platform that Powell “was always too late and wrong”. He added that Fed Chief should have been “interest rates low [European Central Bank]Long ago, however, he must be reduced now. Powell’s completion may not come quite quickly! “

It was not clear whether Trump Powell’s tenure was mentioned as a chair, which was scheduled for May 20226, or the intention to remove him from his role soon.

The ECB is expected to reduce the rate on Thursday in anxiety that Trump’s trade war will grow. The US President surrounded the global markets when declared a “mutual” tariff of dozens of US trading partners in the United States before implementing a 90 -day break.

The Fed kept this year this year after a large half-point step in September 2024, with a large half-point move. The next meeting of the US central bank is in May.

In a speech on Wednesday, Fed Chair, who was employed by Trump in 2018, warned that the US president would be guided towards the hanging tariff Slow economic growth and high inflationThe

Powell He said Trump’s tariffs were “significant than expected” and could keep us rated in “challenging scenes” where their prices were in excitement.

Trump Powell was a frequent critic, urging him to reduce the cost of taking Orrow. Earlier this month, the US President wrote about the true social: “Stop playing interest rates, Jeromes and politics!”

But in December, Trump told NBC News that he would not try to remove Powell from his position before his term expired. “No, I don’t mind that. I can’t see it,” Trump said.

In his speech to the Chicago Economic Club on Wednesday, Powell told: “Our Independence Act.” He added: “We never want to be influenced by any political pressure. People can say what they want. But we will do what you do strictly without considering political or any other external matter.”

According to the Future Agreement, the global markets were fixed after Trump’s latest broadside with the opening of S&P 500 0.4 percent. The yield of 10 years in the US treasury has increased by 0.03 percent points to 4.31 percent.

“Powell knows that Trump will always hate him and try to satisfy him,” said Mark Dowling, the chief investment officer in the RBC Blueb Blue Asset Management.