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
22:47
Audi CEO criticized in Germany after appearing alongside Trump / Gernot Döllner participated in the announcement of a $4.2 billion investment to build Audi’s first factory in the US
22:39
Kelemen Hunor estimates that the Luca Niculescu Government will remain in power until 2028: “If nobody brings you down, then you have no choice, you are condemned to govern”
22:33
Microsoft offers voluntary departures to approximately 60,000 employees across four countries amid massive investments in artificial intelligence
22:27
Kelemen Hunor warns that Russia could attempt new acts of sabotage and calls on the state to protect critical infrastructure
22:18
The Minister of Justice announces new measures for implementing the Femicide Law
See more news
NEWS ON THE SAME TOPICS
International
Donald Trump claims that the Fed raised interest rates to harm him politically: “They are very politicized”
International
The U.S. Federal Reserve raises its policy interest rate to 3.75%-4% and anticipates another increase by the end of the year
Economy
Fed warns that persistent inflation risks becoming a long-lasting “permanent reality” for Americans
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
