Trump calls Fed’s Powell a ‘fool’ after central bank holds interest rates steady

On Thursday, President Donald Trump criticized Federal Reserve Chairman Jerome Powell a day after the central bank’s decision not to reduce interest rates.

“After it is too late,” Jerome Powell is a fool, who has no idea. “Otherwise, I love him so much! Oil and energy on the road, almost all costs (grocery stores and “eggs”) down, and there is almost no enlargement, tariff money flowing to the United States – unlike “very late!” Enjoy! “Enjoy!” Enjoy! “

The Federal Reserve announced on Wednesday that it will leave the standard interest rate unchanged as policy makers continue to monitor inflation and the labor market amid high levels of economic uncertainty.

With economic turmoil, serious concern appeared: stagnation

The central bank’s decision leaves the standard federal funds in the range of 4.25 % to 4.5 %.

The Federal Open Market Committee, which directs the monetary policy movements of the Central Bank, has noticed its announcement that “”[u]NCERRARIAA has increased more than economic expectations. “The Federal Reserve monitors risks on both sides of its double mandate, adding that the risk of high unemployment and high inflation has increased.

Powell said at a press conference on Wednesday that Trump’s criticism and calling for price cuts does not affect the central bank to do his work “at all.”

President Donald Trump, left, and Federal Reserve Chairman Jerome Powell. (Getty Images / Clearance / Getty Images)

“We will always do the same, which is that we will use our tools to enhance the maximum employment and price stability for the benefit of the American people,” said Powell. “We will always look at economic data, expectations, and the balance of risk. This is all. That’s all we will look. So it does not really affect our job or the way we do.”

Trump recently called for a decrease in prices last week after the issuance of the Jobs report in April, citing the decrease in gasoline, groceries and strong employment numbers.

The inflation slowed slightly to 2.8 % in February before the Federal Reserve meeting

President Donald Trump recently summoned the federal reserve that prices dropped last week after the release of the Jobs report in April. (Saul Loeb / AFP via Getty Images / Getty Images)

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The last federal reserve decision comes after the central bank left prices by 4.25 % to 4.5 % in its previous meeting in January and March, which followed three consecutive discounts in its previous meetings-which included a reduction at a 50-point in September and a 5-point husband in November and December.