Donald Trump This Thursday asked for the dismissal of the president of the Federal Reserve (Fed) of the USA, Jerome Powell, whose reports catalogs as a “complete disaster.”
“Jerome Powell should have lowered interest rates, such as the ECB [Banco Central Europeo]a long time ago, but I should undoubtedly download them now. Powell’s dismissal can’t wait! ”Trump said in a message on his social network Truth.
“The ECB is expected to cut interest rates for the seventh time, and yet Jerome Powell, of the Federal Reserve, who always arrives too late and is wrong, issued a report yesterday that was another, typical and complete disaster,” he wrote.
Powell, points EFEhas insisted on the need for US inflation, which stood at 2.4 % in March – above the 2 % Fed target – shows a more consistent slowing to continue lowering rates, which are currently between 4.25 % and 4.5 %.
Yesterday indicated that The data available to the Federal Reserve suggests that the solid growth of 2024 has slowed down In the first quarter, figures that coincide with a context marked by the commercial war opened by Trump.
Federal Reserve Chair Jerome Powell: There Will Be Higher Inflation and Slow Economic Growth As a result of Trump’s Tariffs, Which Are “Significantly Longer Than Anticipated.”
pic.twitter.com/hyffcsJJ2F– Republicons Against Trump (@Rpsagainesttrump) April 16, 2025
In contrast, Trump has written: “Petroleum prices have dropped, food (even eggs!) Have lowered, and the US is enriching with tariffs.”
Powell indicated that provisional data show a weak growth in consumption in the first three months of the year and that the strong growth of imports, a reflection of the attempt of companies in anticipating the application of tariffs, is expected to “hurt the growth” of the gross domestic product (GDP).
He also said that “Surveys conducted with households and companies reveal a marked setback of trust and high uncertainty“That reflects concerns about the government’s trade erratic.
Global tariffs could stop US economy, while Trump opens to possible agreements
Powell’s comments have not been different from those of other Fed officials in recent weeks, according to CNN, from where it is pointed out that most of them have said that Trump’s tariffs will probably upload inflation and unemployment.
Powell was appointed president of the Fed by Trump in 2018, and later It was re -elected by Joe Biden In 2021. His current mandate ends in May 2026.
