US President Donald Trump attacked Jerome Powell’s Fed and Fed and called for his dismissal for a slow decrease in the key rate.
The head of state published a comment the day after Powell confirmed the wait -and -see and careful policy of the Central Bank. He referred to “large -scale duties” introduced by Trump, the size of which turned out to be “more expected”.
The head of the regulator noted that official data on the growth of the economy will be known in two weeks, but current information indicates a slowdown. According to him, this potentially puts the Fed in a “forgotten for decades” situation of stagnation.
In a similar vein before Powell’s performance at The Economic Club of Chicago, the head of the New York FRB John Williams spoke out. The official expects that real GDP will slow down due to economic uncertainty compared to last year’s indicators.
The target value of the price growth index, which is focused on the Fed when determining the rate of rate reduction, is 2%.
Trump said the Central Bank of the United States is lagging behind European colleagues. On April 17, the ECB announced the seventh consecutive reducing key interest rates. The indicators from April 23 will be reduced by 25 basic points – to 2.25%, 2.4% and 2.65%, respectively.
President @Lagarde Has Justed the Governing Council’s Monetary Policy Statement.
Read The Statement https://t.co/uiraqlitvm pic.twitter.com/w74t30Be01
– European Central Bank (@ecb) April 17, 2025
The Fed, at a meeting in March, retained the rate of 4.25-4.5%.
On the Polymarket forecast platform, the chances of reducing the Fed’s rate in June fell from 84% in early April to 54%.
Experts consider the mitigation of the credit and money policy of the Central Bank a possible driver of risk assets like bitcoin.
During the speech, Powell allowed a weakening of the digital assets of the requirements for financial institutions.
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Source: Cryptocurrency
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