President Donald Trump will speak on November 2, 2017 as the chairman of the Federal Reserve, Jerome Powell, as a chairman of the Federal Reserve, while announcing the Washington DC White House Rose Garden.
Olivier Douliery | Bloomberg | Getty Image
President Donald Trump blamed Jerome Powell and the US Central Bank of the United States on Wednesday and said, “I couldn’t stop the problems they created in inflation.” did”.
Two hours after the Fed chosen to maintain important interest rates at the current level, Trump delivered a broadcaster to the true social. That was the first decision of Trump’s term.
Last week, Trump said, “It requires interest rates quickly.”
Powell emphasizes the importance of independence due to the outside influence of the central bank, and the newly confirmed Finance Secretary Scott Bessent is. Reflected that view。
However, Despite the appointment of Powell in 2018, Trump, who immediately picked up and sour, has doubted Fed Independence’s many years of tradition, believing that the president should believe that he should make a statement of interest rates. 。
As a presidential candidate in 2024, Trump did not resign Powell at the end of his current term as a Fed chair in 2026, but he also ended Powell early. He said he would not try.
At an early afternoon press conference on Wednesday, Powell defined all of the questions around his criticism of Trump and his Fed.
It didn’t spare from Trump. Trump blamed the Fed for inflation on the Biden administration, following the true social post, following Powell and the pandemic of the community.
Mr. Trump said that he would rehabilitate many economic agenda items, such as “reduction of regulations” and “governance of the American manufacturing industry”, and to reduce costs on their own.
“The Fed did a terrible job with bank regulations,” Trump wrote in the post. He said that the Ministry of Finance under Bessent said, “Leading efforts to reduce unnecessary regulations,” and “solving loans for all Americans and companies.”
The president also accused the FED, focusing on advanced ideals, such as climate change, diversity, fairness, and comprehensive efforts, as the new administration tried to scrap immediately.
“Inflation would never have been a problem if the FRB spent a little time for DEI, gender ideology,” green “energy, and fake climate change,” he said. “Instead, we were suffering from the worst inflation in our country’s history!”