Trump, the president of the United States, criticized Jerome Powell for again on Thursday, claiming the Fed is refusing to lower interest rates. Trump claimed that lowering interest rates may be “like flight energy” for the business, but he doesn’t want to. Powell, he claimed, “isn’t in love with me.” Short-term borrowing costs were kept in the 4.2%- 4.45 % range by Fed this week, which is where they have been since December. While big taxes are likely to cause inflation and unemployment, Powell said, giving the central banks time to wait and see until there is more information on where taxes actually end up and how that affects costs and work. Fed can finally take necessary actions, including possible aggressive ones, he said. Trump has publicly expressed his frustration with Powell’s actions, also suggesting that he should be fired. Powell has stated that he intends to finish his name, which will come to an end in a year. This News article is true.
