President Donald Trump is continuing his broad against Jerome Powell, criticizing the president of the federal reserve for not having reduced interest rates.
Trump Thursday took To his social media platform, Truth social, to call Powell “an idiot” who “has no idea”.
The day before, the Federal Open Market Committee (FOMC) announcement That it planned to maintain the target beach of the rate of federal funds at 4.25 to 4.5%, arguing that it was the most appropriate level to achieve both maximum use and controlled inflation.
“Uncertainty about economic prospects has further increased. The committee is paying attention to the risks on both sides of its double mandate and judges that the risks of higher unemployment and higher inflation have increased. ”
The Fed has held stable interest rates since December, when it reduced the rate to 0.25%.
While talking to journalists on Thursday, Trump complain What to speak to Powell is “like talking to a wall”.
“The Bank of England cut. China has cut. Everyone cuts but him. I don't know, we will see what's going on. It's a shame. I call it “too late”. Too late Powell is his nickname.
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