US President Trump on Thursday renewed his criticism by Federal Reserve President Geom Powell, complaining that the Fed was denying low interest rates. Trumpad cutting will “” like jet fuel “for the economy in interest rates but he does not want to do so”. He said that Powell is “not in love with me”. This week Fed laid the cost of short -term lending at 4.25% -4.50% range, where they are from December.While Bigtarifs are likely to increase inflation and unemployment, the economy has either shown very few signs so far, Powell said, the central bank has been given time to wait and watch until the tariff is not really more clarity when the tariff is actually over, and how it affects prices and jobs. The fed can then work as required, and potentially aggressively, he said. Trump has not created any secret of his dissatisfaction with Powell’s conduct, even suggesting that he would like them. Powell has said that he intends to complete his term, ends in about a year. This is a Reute Story
