President Donald Trump put Federal Reserve President Jerome Powell at interest rates.
chairman Donald Trump On Tuesday, it was said that consumer prices are low and the Federal Reserve should reduce interest rates.
“Consumer prices low. Reduce the fed rate, now !!!” Trump said in a post on truth social.
The President said in a separate post that the central bank should lower the rate of three points.
,Fed should cut rates By 3 points. Very low inflation. A trillion dollar will be saved in a year !!! “they wrote.
Trump’s posts came the same morning when the latest inflation data was released by the Bureau of Labor Statistics, with its Consumer Price Index (CPI), the price increased from the earlier month in June.
The President said in a separate post that the central bank should lower the rate of three points. (Tasos Katopodis / Getty Image / Getty Images)
Inflation accelerated in June as Fed has weighed the effect of tariff in rate cut time
The headline CPI rose up to 2.7% on an annual basis, slightly higher than the expectations of Economists voted by LSEG. Core CPI – which excludes the volatile measurement of food and gasoline – increased to 2.9% from a year ago, slightly cooled than expected.
Increase in inflation, as well as price pressure is expected in the next few months as more goods coming in contact with tariffs reach consumers, complicating the approach to cut interest rates for the Federal Reserve. Fed chair Zerome poly Recently, it has been said that Fed has already cut interest rates already this year, but inflation expectations will have to be pushed more for the impact of tariffs.
Trump Call Fed chair ‘knockhead’, says that interest rates should be less than 1%
The June CPI report reduced the market expectations to cut rates later this month, as according to the CME Fedwatch Tool, increased from 4.25% to 4.25% to 4.5% from 4.5% to 93.8% today to 97.4%. The possibility of a September rate cut also decreased, with the possibility of rates to remain at the current level to 42.2% from 37.4% to 42.2%.
Customers look at the food items displayed on August 16, 2024 on August 16, 2024 at the costco branch of Vermont. (Robert Niclesburg / Getty Images / Getty Images)
Trump has repeatedly criticized Fede’s monetary policy, urged Pavel and central bank to reduce interest rates. Economic development Also, the cost of service to more than $ 36 trillion national loan has been reduced – which has increased rapidly due to high interest rates in recent years.
Powell Trump asks for review of IG after renewal of the expensive building of Fede Fede
The President has threatened to set Pavel on fire, although he lacks legal rights to do so, except for a termination of reason. Trump’s colleagues have recently increased the cost in renewal of Federal Reserve facilities in the country’s capital, as an attempt has been made to remove it to be removed.
President Donald Trump and Fed Chair Jerome Powell (Getty Image / Getty Image)
Project Estimated cost In 2019, with the cost of $ 1.9 billion to high content with high content costs exceeding $ 2.5 billion between unpredictable headwinds, such as removing more asbestos and addressing more contamination from expected toxins in early estimates.
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Powell requested that the Inspector General of Fed reviews the Renovation Project, while Fed issued a document stating that the Central Bank board and the IG have monitored the project over the years since their inception.
