Trump says he is impatient of the “termination” of the president of Fed, the presidency of Jerome Powell

President Donald Trump strongly criticized the president of the Federal Reserve Jerome Powell, urging the Central Bank to reduce interest rates and claiming that “Powell’s termination cannot come early enough”.

It was not clear if Trump’s comments indicated the desire to withdraw Powell from his position or an eagerness for the completion of Powell’s mandate as president of the Fed in 2026. The Fed is an independent government agency established by the congress.

The remarks occurred one day after Powell expressed an alarm on Trump’s pricing policy, saying that it would probably increase slow inflation and economic growth. Powell said the Fed can approach interest rates with restraint, as political decision -makers observe the economic effects of Trump prices.

“Jerome Powell of the Fed, which is still too late and bad, published yesterday a report which was another and typically” Mess! ” Trump declared Thursday morning in an article on Truth Social.

Powell should “certainly lower” interest rates, Trump added.

Since Trump took office, he criticized Powell several times, despite a long -standing standard for political independence at the Central Bank. The feeling echoes the repeated criticism of Powell that Trump expressed during his first mandate.

On Wednesday, Powell raised the possibility of what economists call “stagflation”, that is to say when inflation increases and the economy slows down.

If the Fed increases interest rates as a means of protecting against inflation induced by prices in the context of such a scenario, this is likely to stifle and slow the economy, said experts in ABC News.

On the other hand, experts said that if the Fed lowers rates to stimulate the economy in the face of a potential slowdown, it threatens to stimulate expenses and worsen inflation.

Last month, Trump urged the central bank to reduce interest rates, hours after choosing to leave borrowed rates unchanged. In January, Trump also pleaded for declines of interest in response to what he described as the prospect of a drop in oil prices.

In November, a few days after Trump’s electoral victory, Powell took a provocative tone when he was asked if he would resign from his post if Trump asked.

“No,” said Powell, stopping to let the answer in a word register with journalists assembled during a press conference at the Fed headquarters, a few houses in the White House.

When asked if Trump could draw or demo it, Powell replied: “Not authorized under the law.”

Powell has repeatedly affirmed the political independence of the Fed. At a press conference at the Fed headquarters last month, Powell was again questioned about the threats of the agency’s political independence.

“I answered this question in this very room some time ago, and I have no desire to change this answer and to have nothing new for you on this subject today,” said Powell.

The Federal Reserve Act, which founded the central bank in 1913, granted the central bank a measure of independence from the White House.

The federal law allows the president to withdraw a governor from the federal reserve, including the president of the Fed, “for good reason”.

Experts who talked before to ABC News have recognized that a legal ambiguity surrounds the type of conduct that the justifications for withdrawal, but they said that a political dispute does not meet such a standard.