Trump’s former economic advisor warns against the launch of the Federal Reserve Chairman, Jerome Powell, now that it leads to chaos in the market

While President Donald Trump doubles his opposition to the President of the Federal Reserve, Jerome Powell, one of the former economic advisor to the president recommends that the “master is too late” to end the rest of his term.

“I have changed my opinion on this because we have such a turbulent securities market at the present time, and I think the shooting on it, the markets will interact negatively with that,” said the economist at the Heritage Corporation.

“More chaos will be at a time when we do not need it.” So, just make an advertisement, “don’t worry, people. It will disappear within a year, and we will have a very good monetary policy. “And his ride abroad.”

While American stock futures showed signs of recovery, the markets witnessed turmoil after the main indexes fell on Monday, by more than 2 % and the US dollar fell to the lowest multi -year level. Hoping that “we are at the bottom now,” Moore – who was previously considered the ruler of the Federal Reserve under Trump in 2019 – advised the Central Bank to keep the “straight and narrow” path.

Trump raises the heat on the Federal Reserve while pressing to reduce prices: “It cannot come with a quick end enough!”

His comments also come in the aftermath of Trump’s continued criticism of the Federal Reserve Chair, He described it as a “main loser” To say that the central bank must make “preventive discounts” for interest rates. In addition, the president drafted him as “the master is too late” in reference to lost opportunities to reduce prices.

“I fully agreed that Jay Powell was the head of the very poor Federal Reserve, and allowed the inflation rate to reach 9 % when Biden was president. He was publicly politician, and I think he was incredibly responsible for the FBI head of exit and attacking the president in the way Jerome Powell did before or before.”

“So I think Trump can shoot Jerome Powell, but I reached the conclusion that I do not think it is recommended because I think he, see, Jerome Powell is left only one year as president Or Steve Forbes“The economist added,” a person who really understands our monetary system. “

“I have reached the conclusion that Jerome Powell’s launch at the moment will be more chaos for the markets simultaneously (when) we do not need.”

While you are thinking about whether the Federal Reserve should reduce rates at this time, Moore emphasized the focus on inflation first and foremost.

He said, “We all know what happened in the Biden era when prices increased for household appliances by 25 %. That was just a killer of families. So, whether they should cut prices at the present time or not, I am not sure that I am fully agreed with the president because the last thing we want to see is a large new seizure of inflation as it was under the reign of Joe Biden. “

An inflation increased last month in Slower pace than expected, However, it remained much higher than the Federal Reserve by 2 %, as the central bank is preparing to monitor the impact of definitions on consumer prices in the coming weeks and months.

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More said, while noting that these problems are currently with our economy, are only partially cash. Approval of Trump’s tax cuts By the day of the anniversary, “he will see the return of the stock market to life.”

“What about canceling regulatory restrictions? Get all these stupid regulations off the back of our business so that it can be more efficient in terms of cost? “So there is a lot of Trump that he can independently do about what the Federal Reserve is doing to pump a new life into this economy.”

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Eric Rafeel in Fox Business contributed to this report.