Trump said that he will soon replace the Federal Reserve Speaker Jerome Powell and invite Kevin Warsh as a possible successor.

Donald Trump told reporters on the first air force on Friday that a decision regarding who will lead the Federal Reserve “comes out soon,” according to Reuters.

The president said he was no longer ready to keep Jerome Powell in the job and confirmed that Kevin Wrash, a former Federal Reserve Governor, is now strongly considered. “He is very thinking,” Trump He said When asked directly about Kevin.

Trump explained that he had ended waiting for Powell to move on interest rates. He said that the Federal Reserve Chair was good and would have already been behaved to reduce borrowing costs. He calls for a full percentage of percentage and believes that Powell is worse by stalling.

“Very simple !!! “You must be much lower !!!”

The two met the face of face last week for the first time in months. During that conversation, Trump said he told Powell straight that he was making a “mistake” not to move faster on the discounts. Trump is now pushing more powerfully than ever to bring a person who follows his direction – Kevin is the candidate.

Trump is pushing to reduce the average point rate despite the strong job numbers

On the same day that Trump launched the shooting of Powell, the work statistics office reported that the United States added 139,000 jobs in May, above 125,000 Dow Jones. But the strongest report did not change the tone of Trump. “Go for a full point, missile fuel!” Books on the Internet. He said that the federal reserve needs to move quickly, regardless of what the employment numbers show.

Trump argues that interest rates need to decrease in all areas. He says he will reduce short -term and long -term debt costs. “On the debts that will deserve,” wrote, America pays a lot. He also pointed out that other countries are lowering their prices, while the Federal Reserve during the Powell era is silent.

The European Central Bank has reduced its main average by a quarter of a point – the eighth reduction since last June. They said that it is likely that the last of them was this year, referring to poor growth and slow inflation. Trump raised this and said the United States should do the same. He says Powell’s refusal to act harm the country.

Despite Trump’s demands, markets see almost no chance at the upcoming Federal Open Market Committee meeting this month. The last time the Federal Reserve reduced one point in Aram / March 2020, when Covid-19 hit the economy. During the last year of Jo Biden in the office, the Federal Reserve reduced prices at a full point – but in smaller steps.

Trump says he is not a fan. He insists that the Federal Reserve needs to be disposed of now, and it is ready to remove Powell if it doesn’t happen soon. He wore it publicly more than once, but this is the first time that he has publicly said who might be replaced.

It remains calm workshops, and takes the height of heat

Kevin has not publicly said about the possibility of returning to the Federal Reserve. But Trump’s praise puts him in the spotlight. Kevin worked as the Federal Reserve Ruler from 2006 to 2011 and has remained active in political circles since then. He considered him a person who would be more responsive to Trump’s direction more than Powell.

Inside the White House, Trump continued to criticize Powell for his work very slowly. “It is too late in the Federal Reserve Disaster!” to publish. He also said that the economy is well met with “though.” This was a fixed message – Trump believed that the Fed Bank is dragging things down instead of helping.

Powell said that he is trying to balance the risk of inflation, especially since Trump’s tariff policies raise imports. But Trump does not care. What matters is to make credit cheaper in all fields. He no longer only asks – he threatens to act.

Kevin now looks like a man who can replace Powell if Trump does not get the discounts he wants. Trump did not say exactly when he would announce the decision, but he said he was “very close.” If Powell does not move, Kevin may be stepping into his office.

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