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Donald Trump asked for an enormous reduction in the US interest rates and asked whether he can “appoint me in the Federal Reserve in the Federal Reserve”, just a few hours before the central bank is supposed to publish its latest political decision.
“We should be two points lower, it would be nice to be two and a half points lower,” said the US President in the White House on Wednesday morning. Trump added: “May I appoint myself to the Fed? I would do a much better job than these people.”
The youngest Salvo against the Fed and her boss Jay Powell, whom he described on Wednesday as “stupid”, comes because the political decision -makers are likely to keep interest rates stable at the end of their two -day meeting. The FED reduced 1 percentage point by 1 percentage point last year, but recorded interest rates in 2025 because they assess how Trump’s tariffs will affect inflation and growth.
The US President said that he will not fire Powell, whose term of office ends next May. The Supreme Court has signaled that the executive does not have the legal right to Fed governors.
Fed officials will later publish their latest forecasts for growth, inflation, employment and interest rates for US growth, employment and interest. It is generally expected to downgrade your quarterly forecasts for growth and inflation.
In March, the middle expectation that the US economy will grow by 1.7 percent this year. Unemployment rose to 4.4 percent and PCE inflation to 2.7 percent.
FED officers have stated that the news about US tariffs have since led to growth and employment lower and inflation, higher than at the beginning of this year.
In March, tariff setters expected twice a quarter this year. Economists expect the FED to hold on to these expectations in these expectations, although there is a chance that the forecast for cuts can be reduced this year.
Trump has repeatedly asked the FED to reduce the loan costs and described Powell as “Mr. Too Late” and a “Tumbskull”.
