”If he continues to refuse, the board should take control and do what everyone knows must be done”, writes Trump on his social media platform Truth Social”, and at the same time calls Powell a ”stubborn idiot”.
Donald Trump's demand is, as before, that the Fed chief should significantly lower the interest rate, and immediately.
The other day, the Fed left the steering rate unchanged with reference to, among other things, that the American economy has continued at a good pace and that Trump's tariff policy can trigger inflation.
It is customary for politicians not to interfere with the actions of an independent central bank.
