Trump wipes out “stubborn” Jerome Powell, calls on the Federal Reserve to launch a coup and seize power
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On Friday, President Donald Trump called on the Federal Reserve Council to rape authority Federal Reserve Chairman Jerome PowellCriticizing the President of the US Central Bank for not reducing short -term interest rates.
Publishing on the social truth platform, Trump described Powell as “stubborn”. The President of the Federal Reserve has been subjected to evil oral attacks by the Republican President for several months.
Federal Reserve Bank He has a responsibility to install prices and increase employment. Powell kept his record price to obtain fixed night loans this year, saying that federal reserve officials need to know the impact Trump’s huge tariff It was on inflation.
If Powell is not “a large decrease”, the council should bear control, and do what everyone knows! ”
Trump believes that the rates of average lead to stronger growth and low debt service costs of the federal government and home buyers. The president argues that there is almost no enlarged, although the Federal Reserve’s favorite management works at an annual rate of 2.6 %, which is slightly higher than the Federal Reserve goal by 2 %.
Trump has called for a reduction in the standard interest rate of the federal reserve coach by 3 points, which led to a significant decrease in the current average of 4.33 %. The risks is that reducing the rate that can cause money to enter the economy more than it can be absorbed, which may cause inflation to accelerate.
The May Supreme Court suggested that Trump could not remove Powell due to politics. This has led to an investigation if the Fed’s Federal Reserve Chair could be expelled due to the reason because of the cost exceeding Renewal projects worth $ 2.5 billion.
Powell as a president ends in May 2026, and at this point Trump can put his confirmed choice in the Senate in the seat.
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