President Donald Trump said that the president of the Fed Powell should reduce interest rates and “stop doing the policy”

President Donald Trump called on Friday the president of the federal reserve Jerome Powell to reduce interest rates, even though his Blitz rate swirled the markets and raised a rebound in inflation.

“It would be an ideal moment for the president of the FED, Jerome Powell, to reduce interest rates. He is still” late “, but he could now change his image, and quickly,” said Trump in an article on Truth Social. “Energy prices are down, interest rates are down, inflation is down, even eggs are down 69% and jobs are up, all within two months – a large victory for America. Cut interest rates, Jérôme and stop doing politics!”

The Trump position occurs when the world’s stock markets are selling strongly. The new pricing policy of the president, unveiled on Wednesday, has raised concerns about a global economic slowdown.

New trade policies can also be an obstacle that prevents the federal reserve from cutting. The central bank interrupted its rate decreases during recent references, in part because progress on the reduction of inflation seemed to have reached platforms. The new prices could lead to a generalized increase in prices, at least temporarily, which further complicates the image of inflation.

On Friday, Powell told business journalists in Arlington, Virginia that the Fed was “well positioned to wait for greater clarity” before making changes such as rate drops. He also said that the prices announced were “much larger than expected”.

Market -based interest rates have already dropped this week, with the US Treasury yield at 10 years old now below 4%. Treasury yields often drop when investors are concerned about a potential recession.

The Federal Funds Movement on the Federal Funds means that traders are now expecting at least four rate drops of 0.25 percentage points from the Central Bank this year, according to the CME Fedwatch tool. During a meeting last month, the central bankers projected only two rate drops.

Trump has minimized concerns about this week’s market volatility, comparing at a given time the reaction to a patient who is under surgical intervention.

Asked about these comments on Friday, Powell said: “I do a practice not to respond to elected comments, so I don’t want to be seen to do so. It is simply not appropriate for me.”

Trump regularly commented on central bank policy during his first mandate as president and often disagreed with Powell. This led to speculations that he could seek to withdraw the Fed chair before the end of his mandate next year. Trump said in December that he did not intend to dismiss Powell, and the president of the Fed said that he did not think that the president was legally authorized to do so.

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