Stocks jump after Trump says he won’t fire Fed’s Powell

President Donald Trump, days after the chairman of the Federal Board of Directors Jerome Powell to lose the window to reduce interest rates and indicate that he may lose his job, clarified his plan for the US Central Bank Chairman on Tuesday.

“I have no intention to shoot him,” he told reporters at the White House.

His remarks gave the American stock market – which witnessed a sharp decline in the potential removal of Powell – Wednesday’s batch. Experts say that Trump may not be possible to launch the Federal Reserve Capital.

“He has done a bad work, but another supporter of the uncertainty that the market does not need all this talk about shooting or replacing Powell.”. Wednesday. Anthony pointed out that inflation reached more than 9 % in July 2022 on the Powell watch.

The former Tramp warns of the shooting of the Federal Reserve Chairman Powell now will lead to chaos in the market

Treasury Secretary Scott Bessin and Trade Minister Howard Lootnick Trump persuaded to bend because the shooting of Powell will not make a difference, as interest rates will remain at the current levels and any step that the financial markets will already display the turmoil on customs tariffs, according to the Wall Street Journal.

This year, the Nasdaq compound lost 13 %, S&P 500 over 8 % and Download Industrial Media about 7 %. American markets are due to sharp losses earlier this month.

However, Trump kept the heat at the head of the federal reserve, which was called “The Master is too late” because of the failure to reduce interest rates.

“I don’t think he is doing a good job,” Trump said.

Trump criticizes Jerome Powell in the name of “Al -Sayed.

On Tuesday, he repeated the confirmation of the US Central Bank’s invitation to reduce interest rates.

“I would like to see him more active in terms of his idea of ​​reducing interest rates. This is an ideal time to reduce interest rates. If he does not, is it the end? No, it is not, but it will be a good timing,” Trump said.

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Political makers are expected to maintain rates unchanged at the May 7 meeting, with the expectation of the first 25 discount points in June, according to the Fedwatch tool for the CME, which measures the possibility of price movements.