US President Donald Trump said that Federal Reserve Chairman Jerome Powell should resign. The US president believes that Powell should have lowered interest rates long ago, but has not done so yet.
“The European Central Bank is expected to cut interest rates for the seventh time. Meanwhile, Jerome Powell of the Federal Reserve — often criticized for his slowness and poor decisions — released another typical and completely confusing report yesterday. Oil prices are falling, food products, including eggs, are getting cheaper, and the US is reaping the benefits of tariffs. Powell should have cut interest rates long ago, like the ECB — but now it is definitely necessary. His resignation is only a matter of time,” — Trump wrote on his page on the social network TruthSocial.
The head of the US Federal Reserve said yesterday that the central bank will not rush into any interest rate adjustments. He stressed that the regulator wants to "wait for more clarity" before making a decision.
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