Donald Trump says the end of the Federal Reserve Speaker Jay Powell “cannot come at a speed enough”

Open the newsletter to watch the White House for free

Your guide to what the American elections mean 2024 for Washington and the world

Donald Trump criticized Jay Powell on Thursday, saying that the end of the Federal Reserve Chairman “could not come quickly” because he accused him of failing to reduce interest rates quickly enough.

The US President said in a post on the social truth platform that Powell “is always late and a mistake.” He added that the Federal Reserve Chairman “should have reduced interest rates, such as (the European Central Bank), for a long time, but he must definitely reduce them now. End Powell cannot come at a speed enough!”

The European Central Bank is expected to reduce rates on Thursday amid fears that Trump’s trade war will reach growth. The US President has disturbed the global markets when he announced a “mutual” tariff that is highly down on dozens of American commercial partners, before carrying out a 90 -day stop.

In a speech on Wednesday, the President of the Federal Reserve, which Trump appointed in 2018 warned The slower economic growth and high inflation.

P. Trump’s drawings were “much larger than expected”, and it might put US price lists in a “difficult scenario” in which their double goals of stability in prices and the maximum employment in tension. The next meeting of the US Central Bank in May.

Trump He was a repeated critic of Powell, who was in May 2026, and urged him to reduce borrowing costs. Earlier this month, the US President wrote about the social truth: “Reducing interest rates, Jerome, and stop playing politics!”

But in December, Trump News told BNC that he would not try to topple Powell from his post before his mandate. “No, I don’t think so. I don’t see it,” Trump said.

Global markets remained fixed in the aftermath of the latest Trump, as the S&P 500 was opened by 0.5 percent, according to futures contracts. The return on the US cabinet for 10 years increased by 0.03 percentage points at 4.31 percent.