Trump says Fed Chair Jerome Powell’s “termination cannot come fast enough”

President Trump took the goal of Federal Reserve chair Jerome Powell on Thursday, writes in a social media post that Powell should cut interest rates and added that his “completion may not come quite fast.”

Mr. Trump’s social media app, comments about true social come after giving a statement on Wednesday Careful Regarding the possible consequences of the Trump administration’s trade war, the central bank re -mentions when the central bank has planned to settle interest rates.

Fed sticky inflation has left this year’s interest rate reduction, which is higher than the rate of increasing its target every year.

In the meantime, Mr. Trump has introduced multiple tariffs on large business partners that economists say that inflation can rule. Powell on Wednesday highlighted the risk that the Trump administration’s tariffs could create a “challenging scene” for the United States for which both accelerated inflation and slow economy need to be operated.

These types of conditions describe a mash -up of “stagnation,” stagnation “and” inflation “that accelerates the increase in prices when economic growth decreases.

In his social media post, Mr Trump on Thursday points to the European central bank, which the President has reduced his rate by 0.25 percent points after posting his message.

Trump writes, “The ECB 7th is expected to reduce interest rates for 7th Mobar, and still, ‘Fed Jerome Powell, who was always very late and wrong, issued a report yesterday that another and ordinary, complete’ mess! ‘,” Trump.

He added, “Oil prices are falling, the grocery (even eggs!) Is below the tariff, and the United States is getting richer on tariffs. The interest rate on ECB should have been reduced as it too late, but now they must be lowered.

Can Mr. Trump fire Powell?

Powell said after Mr. Trump was elected in November Will not resign If the President is asked who has criticized his performance before. Powell also mentions that under the law, the President cannot shoot or reduce the Fed Chair.

Trump has nominated Powell Fed to lead in 2017, and Powell re -nominated President Joe Biden in November 2021. Powell’s term as a fed chair ends on May 15, 2026.

Over the years, Powell has firmly protected the central bank’s independence. In December, he said that “for the benefit of all Americans” insulating the Fed from political influence “, it allows the elected officers to decide on the basis of economic information instead of direction.