Federal Reserve Chair Jerome Powell shared the half-yearly monetary policy report of the Federal Reserve.
chairman Donald Trump On Tuesday, the Federal Reserve said that the central bank should reduce interest rates.
“Interest rates should be reduced, something that will go in hand with the upcoming tariff !!!” Trump said in a post on truth social. “Come on rock and roll, America !!!”
President’s comments come a day after Fed Chairman Zerome poly On Capital Hill said that the central bank does not need to “quickly” to reduce interest rates.
Federal Reserve inflation stabilizes interest rates amid uncertainty
Powell testified before the Senate Banking Committee on Tuesday. “We know that policy may be a hindrance to progression or much inflation. At the same time, at the same time, the policy can weaken the restraint very slowly or to reduce the economic activity and employment very low. Is.”
Federal Reserve Chairman Jerome Powell testified before the Senate Banking Committee on 11 February, saying that the central bank “needs to be in a hurry to adjust our policy stance.” (Mandel Nagan / AFP / Getty Image)
Fed officials held a benchmark in their most recent meeting in January Federal fund rate Stable at the range of 4.25% to 4.5%.
It cuts three consecutive interest rates in the most recent meetings of the Central Bank-including a 50-base-point cut in September as well as a pair of 25-base-point cuts in November and December.
The January statement of the FOMC stated that the Fed forwards its double mandate to get maximum employment and inflation at 2% than the maximum run. It states that “the economic approach is uncertain, and the committee is attentive to the risk for both sides of its double mandate.”
Trump’s Wednesday’s post is not the first time the President has commented on interest rates this year. He said during a speech for the World Economic Forum in January that he is planning to reduce the price of oil and in return, energy prices to address inflation – which he said cut rates for the fed. Should work as an inspiration for.
“With a fall in oil prices, I will demand that interest rates fall immediately. And similarly, they should fall around the world. We should follow the interest rates.”
Speaking before the World Economic Forum in Davos, Switzerland, Trump said he would call for interest rates to be lower than the current levels. A potential signal he is establishing a possible battle with the Federal Reserve.
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At a press conference following the Fed’s January rate decision, Powell was asked by a reporter whether he was reacted to Trump’s comments on the World Economic Forum. The reporter asked the Fed Chair whether Trump had relate that demand, as well as if he had any response or what is the effect of such comments by the President.
Powell said at that time, “I am not going to react or comment on whatever the President said. It is not appropriate for me to do so.”
