The president of the United States, Donald Trump, elected the economist this Thursday Stephen look as a new member of the Board of Governors of The Fed After the abrupt resignation of Adriana Kugler.
- The president announced this new appointment in the Truth Social Platformdetailing that they look temporarily, until January 31 of next year.
“He has been with me since the beginning of my second term and His experience in the world of economy does not have the same. He will do exceptional job, “Trump added.
Look held so far the position of director of the Council of Economic advisors and has maintained a critical position with the performance of the president of the Federal Reserve, Jerome Powell.
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This new appointment and Kugler’s departure coincides with the renewed pressure that Trump applies to The Fed and Powell, who dedicates almost daily messages on his platform, Social truthin which he has come to ensure that the president of the entity is “too stupid and political” to hold the position.
Despite the growing requests of the president, the Federal Open Market Committee (Fomc) of The Fed He kept the guys in his range from 4.25 to 4.5 %, although for the first time in years the decision was not unanimous and two of the members voted in favor of lowering The rates.
Kugler was in favor of leaving them No changes.
