US President Donald Trump said he does not intend to dismiss the Federal Reserve Chairman Jerome Powell, but added that he wanted to reduce interest rates, statements that may reduce tension over the future of the Central Bank President and have raised investor concerns.
“I do not intend to dismiss him. I hope it will be a little more active in applying his idea to reduce interest rates,” Trump told reporters at the Oval Office on Tuesday.
Trump’s first truce is a few days after the harsh criticism he directed to Powell for not lowering interest rates again since Trump returned to the White House in January.
The criticism was often accompanied by threats, like a social media post last week, saying that the end of the state of Powell “cannot come enough”, which raised the concern of the financial markets that see the independence of the Federal Reserve, mainly for its credibility on the global financial scene.
Trump seems to be these threats now, but his criticism of the interest rate policy is still ongoing.
“We believe that now is an ideal time to reduce the interest rate, and we want to” move) the chairman of the Reserve Council early or on time, not to be late, “Trump said.
