‘Talking to a chair’: Trump revealed how he is planning to set Jerome Powell on fire; Slam fed expenses
US President Donald Trump has suggested that Federal Reserve Chairman Jerome Powell could be removed more than the $ 2.5 billion renovation scheme for the Central Bank headquarters. This increases their recent attack against the central banker, as reported by CNN.Talking to reporters, Trump said: “I think he is terrible … but one thing I did not see him as a person in which a palace needed to live.” He said that talking to Powell was “talking to a chair” due to lack of personality.Trump criticized the cost of employed renewal, saying, “I would never have speculated that he would spend two and a half billion dollars to create a little expansion on the fed.” Asked if he is the right firing Powell, Trump replied: “I think it’s.”Trump has repeatedly attacked Pavel in recent months, demanding low interest rates. However, the Federal Reserve argues that it has kept the rates stable this year and the decisions should be based on economic data.Economists and market leaders have warned that reducing Fed’s freedom can have serious consequences. Jamie Dimon, CEO of JP Morgan Chase, emphasized the importance of an independent central bank. Dimon told reporters, “Fed’s freedom is absolutely important … playing with Fed can often result in adverse results, contrary to what you are expecting,” Dimon asked reporters.Trump has admitted that his personal attacks have not managed to pressurize the fed to cut rates. Recently, he has used the cost of renewal as another line of criticism.Powell has asked the Inspector General of the Central Bank to review the renewal project. Last month, American senators questioned Powell about excessive spending during their semi -medial policy hearing.The renewal of the headquarters of the Federal Reserve at Washington, DC was approved by its board in 2017. It was originally expected to cost $ 1.9 billion in 2019, but the cost has increased to $ 2.5 billion since then.Trump has long been called by calling his disappointment in Powell with words like “Nambskul” and “Moran”. Powell has publicly stated that Fed has already cut rates for economic uncertainty caused by tariffs.
