President Trump fluffs the President of the Federal Reserve, Jerome Powell, after the Federal Reserve refuses to reduce interest rates
President Donald Trump continues his wide against Jerome Powell, as he criticized the Federal Reserve Chairman for not reducing interest rates.
On Thursday, Trump take To his social media platform, Truth Social, to call Powell “a fool” who “has no idea.”
Previously, the Federal Open Market Committee (FOMC) Declare It plans to maintain the target scope of the federal funds rate at 4.25-4.5 %, on the pretext that it was the most appropriate level to achieve the maximum control and inflation to be controlled.
“The uncertainty over the economic view has increased more. The committee is concerned with the risks to which both the double mandate and judges are exposed to the risk of high unemployment and high inflation has increased.”
The Federal Reserve has retained fixed interest rates since December, when the rate reduced by 0.25 %.
While talking to correspondents on Thursday, Trump Complain Speaking to Powell is “like talking to the wall.”
“Cutting the Bank of England. I cut China. Everyone cut it. After it is too late, this is its title.
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