Trump renews criticism of Fed Chair Powell over interest rates

On Monday, President Donald Trump criticized Federal Reserve Chairman Jerome Powell for his decision not to reduce interest rates.

“We have the head of the bad Federal Reserve, very bad,” Trump said at the White House. “If the prices are lower, if it will lower the prices. I tried to be nice with the man. It doesn’t help. It is like the head of the joint. Oh, he is a detailed man, a stupid man. It’s really.”

Trump also said he believed that interest rates should be less than 1 %.

“We must be at 1 %. We must be less than 1 %,” the president said.

Trump Powell’s supervisor presses the Federal Reserve Renewal project

The attacks against Powell as the president and his administration are pressuring the President of the Federal Reserve on the expensive renovations at the central bank’s headquarters.

The director of the Administration and Budget Office (OMB) sent a message to Powell on Thursday, saying that Trump was “very troubled by your administration of the Federal Reserve.”

Trump is calling for a “terrible” head of the Federal Reserve Council Powell immediately, calling for discounts

Vaght wrote that the Federal Reserve “has taken” with a comprehensive reform “from the central bank headquarters and added” cost excesses (about 700 million dollars and count), and called on this project’s plans to surface -to -surface gardens, VIP dining rooms, elevators, water features, and much more. “

The director of the administration and budget office, Russell Fior, sent a letter to Powell on Thursday, saying that President Donald Trump is “very troubled by your administration of the Federal Reserve.” (Alison Robbart / Bloomberg via Getti Earth / Pictures)

In a conversation Senate Banking Committee After listening to monetary policy, the Chairman of the Board of Directors criticized Tim Scott, RS.C, the renewal project, citing the design elements that are the axis of Vought speech, saying in his opening notes for renovations, “She feels that she belongs to the Palace of Versailles more than a public institution.”

Powell said, during the session, that the media reports were “misleading and inaccurate in many respects.”

The attacks against Powell as the president and his administration are pressuring the President of the Federal Reserve on the expensive renovations at the central bank’s headquarters. (Getty Images; Istock / Getty Images)

“I would like to point out that there is no dining room for the dignitaries, and there is no new marble – we have dropped the old marble, and we will return it, and we will have to use a new marble as some old marble erupted.”

“There are no special elevators, there are just old elevators that were there. There are no new water features, no beehives, and there are no terrace gardens on the roof,” Powell said. “Every type of inflammatory that the media transmits is not either in the current plan or only inaccurate.”

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Trump has again and again He threatened to shoot PowellAnd, which he appointed in the role in 2017, on the central bank does not reduce interest rates according to his demands.