Fed Chairman Jerome Powell said on Wednesday that since the newly established president told business leaders, he did not talk to President Donna Trump Require Central Bank Reduce interest rates.
Decide in the central bank Keep interest rate stablePowell said that since Trump delivered a speech last week, he has “no contact” with the president.
“I will not have any response or comment on what the president said. It is inappropriate for me to do this. The public should be confident that we will continue to work according to our work to continue to work Powell on Wednesday to achieve our goals and really maintain our head Tools.
Since its establishment in 1913, the Fed’s design is independent of the pressure of elected officials to make interest rate decisions. However, Trump spoke abnormal opinion on what the central bank should do during his first term as the president. His remarks during the 2024 campaign and his election victory, he pointed out his second continued remarks in the White House.
Trump said in the virtual appearance at the World Economic Forum held at Davos, Switzerland last week, saying: “I will ask the interest rate immediately.” “Similarly, they should give up around the world. Interest rates should follow us.”
Powell was originally nominated as the chairman of Trump and took over the position in 2018. He is now in the second term of the position, and the position lasts until May 15, 2026.
Powell once said that if Trump’s request, he will not resign, and he believes that the president’s dismissal or relegation federal chairman is “No law allows lawEssence “
Since Trump returned to the White House, the interest rate decision on Wednesday was the first time. The Federal Reserve reduced 1 percentage point in the previous three meetings. The inflation rate is still higher than the central bank’s 2 % goal.
