Donald Trump relaunched his criticism from the head of the American central bank, describing Jay Powell as “terrible” and “stupid”, adding that there were up to four candidates to succeed him.
The president, who threatened to dismiss Mr. Powell earlier this year before filming in U this month, has always demanded that the federal reserve reduces interest rates to help strengthen economic growth.
But the Central Bank has retained Trump’s second term since the start of the second term, citing threats to the rhythm of pricing growth in its assets trade war.
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By increasing import prices in order to stimulate American jobs and make American products more competitive, Mr. Powell estimates that the inflation spectrum is looming in the greatest economy in the world.
But official inflation figures have not yet shown a marked increase in the increase in import costs.
“I know that in the three or four people I am going to choose,” Trump told journalists during his visit to Europe for the NATO summit in The Hague.
He said that Mr. Powell, the president of the Fed, was “a person in the middle spirit” with a “weak IQ for what he does”.
Jay Powell was chosen by Mr. Trump to direct the Fed in 2017. Pic: Reuters
“I think she is a very stupid person, in fact,” he added.
The American media suggest that the pretenders to succeed Mr. Powell include the former Fed governor, Kevin Warsh, the chief of the national economic council Kevin Hassett, the current governor of the Fed, Christopher Waller and the secretary of the Treasury Scott Bessent.
The president of the Fed should not leave his post before May next year.
The federal reserve, such as the Bank of England in the United Kingdom, is independent of the government.
Trump is desperate to develop the American economy after a net slowdown in the first quarter of the year was blamed for the threat of his trade war and his first salvas.
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Analysts see Mr. Powell’s criticism of Trump as an attempt to influence monetary policy through the rear door.
The prospects for a battle to withdraw it previously shaken the financial markets.
For his part, Mr. Powell told a conference policy on Tuesday that higher trade war prices could increase inflation this summer – an era when the Fed has already indicated that it could evolve to reduce its target range for interest rates.