3/7/2025–|Last update: 12:31 (Mecca time)
In the latest attack on the chairman Federal Reserve (US Central Bank) Jerome PowellRepeat the American President Donald Trump Yesterday evening, Wednesday, he invited heal to resign, saying that the president of the Central Bank should do this immediately, which raises the diminishing of the independence of the US Central Bank.
Trump has always demanded the head of the Supreme Central Bank to step down amid disputes over interest rates.
Yesterday, Trump invited a heel to resign “immediately” after Bill Bolti called on the chief housing official in his administration. American Congress To launch an investigation with the Central Bank President.
Polati said in a post X platform Powell must be investigated because of his “political bias” and his “deceptive testimony” regarding the renovations at the Federal Reserve headquarters in Washington The capital.
In a post on a “Truth Social” platform in response to Polati’s comments, Trump said that “Too Late” – a title that Trump calls Powell to not reduce the benefit quickly – must resign.
The Trump attack comes days after sending a letter to Powell asking him to reduce the main interest rate, which currently extends between 4.25% and 4.5% “by a large percentage.
Trump believes that interest rate The high is hindered Economic growth. As interest reduction reduces the cost of borrowing for companies and consumers, which enhances economic growth.
But reducing interest has an effect on increasing inflation, something that central banks usually seek to maintain it low, and it is expected to increase Customs The great that Trump imposed the upward pressure on prices.
It is noteworthy that Trump had nominated Powell to head the Reserve Council during his first term. The former president nominated him جهني To take the position for a second period. It is scheduled to end his presidency of the Reserve Council in May 2026.
Monitoring and waiting
And on Tuesday, Powell said that Central Bank The “monitoring and waiting” approach has been taken to reduce interest in order to assess the effect of Trump customs duties, many of which are still suspended before a final date on July 9.
“In fact, we stopped working when we saw the volume of customs duties, and basically, all expectations have increased Inflation The United States has greatly as a result of these drawings. “
Last week, Trump told reporters that he would like to step down “if he wanted to.”
Last April, Trump said that “ending Powell’s work could not come quickly,” before he retracted his threat after the American shares and dollars decreased sharply.
According to US federal law, the President of America is only allowed to separate the Federal Reserve Chairman “for a reason”, a clause that is widely interpreted to mean the specific misconduct, not political decisions.
Last May, she confirmed US Supreme Court In a precedent, it limits the president’s ability to remove the head of the Central Bank, in the ruling of the most prominent Federal Reserve as he has a distinct position compared to other independent agencies.