Donald Trump launched his last attack on the American Central Bank, saying that interest rate workers had “failed”.
During the weekend, he said that he wanted interest rates to be 1% and that he would “like” that Jerome Powell, the president of the Federal Reserve, resigned.
It comes Less than two weeks Since he called Mr. Powell a “stupid person” and said, “Maybe I should go to the Fed. Am I allowed to name myself at the Fed? ”
In an article on his Truth social platform on Monday, Trump said: “Jérôme” too late “Powell, and all of his board of directors, should be ashamed of themselves for allowing this to happen in the United States.”
It was not clear to what Mr. Trump was referring to the reference “this”.
“If they were doing their job properly, our country would save thousands of dollars in interest costs. The board of directors sits right and the watches, they are therefore also to blame,” said the post.
“We should pay 1% interest, or better!”
A message to Mr. Powell was also written in a classification of interest rates in countries, classified from low to high, showing the United States classified 35th, coming behind the United Arab Emirates and the United Kingdom.
The federal reserve, known as Fed, had held the cost of borrowing at 4.25% -4.5%. Unlike the United Kingdom, the American interest rate is a range to guide lenders rather than a single percentage.
Despite the threats of Mr. Trump and his press secretary Karoline Leavitt, who said that journalists’ inflation was “completely reduced”, the markets do not expect a reduction when the Fed was following interest rates next month.
In fact, no reduction is currently scheduled before September.
Are interest rates really so high in the United States?
Not since December of last year, the rate has been reduced.
The Fed expressed its concern about the impact of the economic policy of Trump to implement new priceTaxes on imports in the United States.
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Trump’s prices: what you need to know
Inflation – The overall price rate increases – checked up to 2.4% while the Fed said it expected an additional increase due to prices.
Interest rate were hiked in order to bring inflation to the target target of the Fed.
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This has indicated that the cost of the loan is slightly higher than in the United Kingdom, where the Bank of England set rates at 4.25%.
It is also higher than the level of Euro use countries, where the European Central Bank has set rates at 2%.
What was the reaction?
Mr. Powell did not retaliate and the Fed refused to comment on Monday.
There was little reaction on the market, because the main American stock market indices had reached a record in the hopes of trade agreements with countries, rather than a yield of specific prices in the country.
Ironically, the dollar has been a hollow of more than three years on the concerns of the American deficit extending more with the so-called Trump “Big, nice bill” be voted on.
The fact that interest rate reductions can arrive in recent months also contributes, as currencies tend to be supported by higher rates because they can attract foreign investments.
In the past, the comments on the replacement of Mr. Powell, appointed by President Trump in 2017, led to the concern of investors, who saw Mr. Trump did not replace the president before the end of his mandate in May 2026.