Fed President Appointment: Powell Hints at Early Announcement
- President Donald Trump He said he could appoint the next president of the Federal Reserve "a little earlier than expected" and added that he had reduced to three...
- “I will appoint a new president at some point within the next...
- Trump has harshly criticized Powell For the decision of the Central Bank to keep the stable interest rates, repeatedly asking for its resignation and publicly raising if you...
President Donald Trump He said he could appoint the next president of the Federal Reserve “a little earlier than expected” and added that he had reduced to three or four the potential candidates to succeed Jerome Powell.
“I will appoint a new president at some point within the next… I think I will appoint him a little earlier, to the new president. I have reduced the list to three or four names, ”Trump said Wednesday during an event at the Kennedy Center in Washington, where he described the candidates as” all good, all excellent. “
Trump has harshly criticized Powell For the decision of the Central Bank to keep the stable interest rates, repeatedly asking for its resignation and publicly raising if you should say goodbye directly before saying that it would wait for your mandate to finish in May.
Name your Successor while Powell continues at the head of the Central Bank increases the possibility that a “Fed in the shadow” and runs the risk of creating confusion among investors who follow the positions of both the current and future president.
While Trump has maintained that his list of candidates for the position is relatively short, the Treasury Secretary, Scott Besentsaid Wednesday that the administration plans to consider up to 11 candidates.
Why does Donald Trump seek to replace Jerome Powell, president of the Fed?
The President has intensified his Powell pressure In recent weeks, including the threat of a lawsuit on Tuesday for the management of the president of the renewal of the headquarters of the Central Bank, which has been subject to scrutiny for cost overruns.
Trump said Wednesday that he believed that rates “should be three or four lower points.”
“That is more than one billion dollars that we pay every year on interest, and it is actually just a paper calculation, ”he added.
Powell has defended the fixing policies of bank ratesciting the uncertainty about the impact that the wide tariff agenda of the president will have on inflation, but Trump has said that the elderly indebtedness costs They are harming companies, consumers and American housing buyers.
“People can’t get mortgages. They are paying too much because of Jerome ‘Too Late’ Powell“He said.” It’s a real incompetent. “
The data published on Tuesday showed that the underlying inflation regained in July, although the prices of the goods rose at a more moderate pace, which moderated concerns about pressures on prices driven by tariff Fed in September.