Jerome Powell, President of the United States Federal Reserve, during an economic event in Chicago in Chicago, Illinois, USA, on Wednesday, April 16, 2025.
Jamie Kelter Davis | Bloomberg | Pictures of getty
President Donald Trump Monday increased his pressure campaign on Federal reservation President Jerome Powellcalling — an « important loser » and warning that the United States Economy Could slow down unless interest rates go down immediately.
« Many preventive cuts » in interest rates are requested by many, « Trump wrote Social truth.
Trump stated that there is currently no « virtually any inflation » in the United States and that the costs of energy and « things of most » things « are decaying.
« With these costs in such a good tendency, what I predicted would do, there can be almost no inflation, but there may be a slowdown in the economy unless the Lord too late, an important loser, lowers interest rates, now, » Trump wrote.
Trump’s last salvation against Powell, whom he appointed during his first administration, came as President and his team studies if the Central Bank leader can legally fired before his term expires in May 2026.
Powell has flatly stated that the president cannot eliminate him according to the law.
Any Trump attempt to shoot Powell would probably cause a strong sale to the United States Variable Income Markets, the Evercore Isi Vice President, Krishna Guhatold CNBC on Monday.
« If you begin to raise -you ask the independence of the Federal Reserve, you are increasing the bar of the Federal Reserve. If you really try to eliminate the President of the Federal Reserve, I think you would see a severe reaction in the markets with higher returns, lower dollars and actions sold, » said Guha « Squawk box. « »
« I can’t believe that this is what the administration is trying to achieve, » Guha said.
The Securities Market, which has already been undone from uncertainty and other concerns arising from the Trump Administration’s tariff plans, sank more Monday morning. The industrial average of Dow Jones decreased 750 points, a fall almost 2%, within the first hour of the negotiation, while the Nasdaq fell by 2.6%.
In the meantime, the north -American dollar, slid off to their lowest level Since 2022. The reduction in world markets has sent investors who climb to secure assets such as goldwhich reached a high record on Monday, while the point of reference Treasury Treasury Performance went up.
Trump’s latest attacks on Powell followed the Central Bank leader’s suggestion last week that the President’s trade war will restrict growth and feed inflation.
The rates « are likely to move us farther from our goals … probably because of the balance of this year, » Powell told the Chicago Economic Club.
Powell also stopped to suggest that interest rate cuts were on the horizon.
« At the moment, we are well positioned to expect greater clarity before we have the adjustments to our political position, » he said.
– Alex Harring de CNBC contributed to this report.
Correction: Krishna Guha is Vice President of Evercore Isi. An earlier version damaged its title.
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