He president United States, Donald Trumpon Thursday against the president of the Federal Reserve (Fed), Jerome Powelljudging him “too slow” to lower the interest rates.
“It’s time for the end of the mandate From Powell, “he wrote Trump in its social social network. “Too late. I should have lowered the interest rateslike the ECB [Banco Central Europeo]a long time ago, but I should undoubtedly lower them now, “he wrote Trump.
He mandate from Powell at the head of the Fed It must end in May 2026.
After that statement, the president of the European Central Bank, Christine Lagardeexpressed his support for Powell.
“I have a lot of respect for my friend and dear colleague Jay Powell,” Lagarde told reporters in Frankfurt. “We have a solid and stable relationship” among the governors of the central banks.
“A Federal Reserve independent is vital for a economy healthy, something that Trump He has shown that it is not a priority for him, “Democratic Senator Chuck Schumer wrote in X.
He president of the Fed warned Wednesday that duty that imposed Trump Virtually all commercial partners could put the monetary institution in the position of having to choose between addressing the inflation or unemployment.
The tariff policy of the president American has baffled Investors and commercial partners, who distrust the long -term strategy and what could mean for the international trade.
Interest rates current
Trump He repeatedly urged Powell to cut the interest rates But the Central Bank American adopted a waiting attitude, maintaining stable types between 4.25% and 4.5% since the beginning of the year.
At the beginning of last March lto Federal Reserve American left his interest rates Without changes this Wednesday as expected the market, but warned of greater “uncertainty” in the United States and degraded its forecasts of growth and inflation.
Two months after the return of Donald Trump to the White Housethe Fed He kept his rates in a range of 4.25%-4.50%. But “the uncertainty about economic perspectives increased,” according to the Central Bank statement, which maintains its expectation to make two cuts of rates In the year.
In this context, the Fed reduced his forecast of growth in 2025 to 1.7% and increased that of inflation to 2.7%. Before I anticipated a growth 2.7% this year and 2.5% of inflation. And after two days of the meeting, the Fed shows less confidence on the health of the economy United States.
