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
22:51
Columbia will resume coal exports to Israel, previously suspended, announces the Minister of Commerce.
22:43
Andrei Cornea: Order from disorder
22:33
Paramount accused Mark Ruffalo of perpetuating anti-Semitic stereotypes through comments about the merger with Warner Bros
22:14
Hungary: Péter Magyar announces that reactor 3 at the Paks nuclear power plant could be restarted ahead of schedule due to the work carried out and the rising level of the Danube.
21:54
A Romanian mineral water company is mocking the US president, Donald Trump, in a viral advertisement.
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
