Renew the American President Donald Trump His pressure on a chairman Federal Reserve (US Central Bank) Jerome PowellCalling for the immediate reducing interest rates, after the issuance of the Miu Sector Sector Report, which showed a sharp slowdown in employment.
In a post on the Trump Trump’s Trump platform, “The ADP report was released !!! It is too late, Powell, the interest must now be reduced. It is incredible !!! Europe has reduced the benefit 9 times!”
These statements came after ADP data showed that the American economy added only 37,000 jobs in May, compared to expectations of 110,000 jobs, which raised concerns about slowing down Economic growth.
Trump has repeatedly criticized Powell in recent weeks, describing him as “always late” and “fool”, considering that the federal reserve ignores the indicators of low inflation, energy and commodity prices, which justifies, in his opinion, reduce interest.
It was the first to confirm that decisions Central Bank It is based on accurate economic assessments and not subject to political pressure, noting that Inflation It is still above the specified goal and that there is a state of economic uncertainty, especially in light of the volatile trade policies.
It should be noted that the financial markets witnessed a decline in futures indicators after the issuance of the job report, with a decrease in the returns of treasury bonds and oil prices, which reflects the investor concern of a possible slowdown in the American economy (the largest economy in the world).
Until now, no change in his monetary policy has been issued by the federal reserve, with expectations that his cautious position will remain in the coming months, unless new economic indicators appear that call for an amendment to interest rates.