Donald Trump has attacked Federal Reserve chairman Jerome Powell, calling him a 'dummy' and saying he will be replaced in eight months, without clear explanation.
Raluca Ioana Draghici
International
www.shutterstock.com
Always see our news on Google
In a press conference, Trump criticized Powell's interest rate policy, accusing him of keeping rates too high, which hurts housing affordability. Although Powell's term ends in 2026, Trump is hinting at an imminent change. The Treasury secretary has criticized the Fed's internal spending, calling for an investigation into costly renovations. Trump's assertions underscore tensions between his administration and the central bank in the run-up to the upcoming presidential election.
Sources
Latest News
23:03
Kallas says Usmanov and Fridman will not return to the EU list anytime soon, while sanctions on more than 3,000 individuals and entities are extended until 2029
22:56
Cristian Tudor Popescu: Luca Niculescu cannot form a government under the current political configuration
22:50
Iranian President Masoud Pezeshkian rejects negotiations with the US: “They make no sense”
22:49
Vladimir Putin approves the reorganization and sale of UniCredit’s Russian subsidiary
22:41
Moldova is gradually extending VAT and excise duties to goods brought in by operators from Transnistria as part of its economic reintegration strategy
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
