US President Donald Trump does not want to release the chairman of the US Federal Reserve Fed Jerome Powell prematurely.
“No, we have nothing plans,” Trump said on Wednesday when asked if he wanted to dismiss Powell. When asked whether he fully excluded Powell’s dismissal, the president added that this was “highly unlikely”, “unless he has to go because of fraud”. However, he admitted that he had spoken to Republican MPs about an extinguishing. Media had previously reported that Trump could soon be released.
Trump had repeatedly attacked Powell and requested interest reductions. He insulted him at the press conference as a “stupid man” who did a terrible job. Powell’s term of office ends in May 2026. There are many people who sought the position as a central bank manager, said Trump. But he is only looking for “low interest rates” for the job.
The allegations that Trump is now making Powell relate to the renovation of the Fed headquarters in Washington, which will probably be much more expensive than originally planned. It is possible that there was fraud, said Trump. He assumes that Powell will already be investigated. The Supreme Court in Washington signaled in May that Trump was not allowed to relieve the Fed’s Fed leadership members without a valid reason.
According to the rumors that Trump wants to fire Powell, the US dollar had come under pressure and the bond dates of US state bonds had fallen. The gold price had increased significantly. According to Trump’s statements, a counter -movement began.
Washington (dpa-Afx)