According to PANews on April 17, U.S. President Donald Trump posted on his social media platform, sharply criticizing Federal Reserve Chairman Jerome Powell.
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Trump stressed: "The European Central Bank (ECB) is preparing for its 7th interest rate cut, while Powell always acts too late and makes mistakes."
He said that the Fed's latest report is "a mess," while pointing out that oil and food prices are falling.
Trump declared: "America is getting richer thanks to tariffs" and demanded that the Fed "must cut interest rates immediately."
He also emphasized: "The sooner Powell is fired, the better it will be."
Context:
This is the most recent time Trump publicly criticized the Fed's monetary policy, raising debates about political pressure on the independent decisions of this agency.
