Your guide is on what the Trump’s second term is for Washington, Business and the World
The president repeatedly hit the refusal of the Fed Department to reduce interest rates, and last week signal that he believed that he could dismiss Paul By its term, when the head of the Central Bank expires in May 2026.
Trump He repeated his complaints that the Fed needed to reduce the costs of borrowing in the comments in the oval office on Tuesday, but he added: “I do not want to talk about it because I do not intend to shoot it.”
The comments occurred after intense assumptions that Powell would soon be rejected for refusing to reduce borrowing costs.
US stock futures have grown, pointing to the profit for the Benchmark S&P 500 Index and Nasdaq 100 technology later on Wednesday. The dollar index extended the recovery and increased by 0.9 percent since the beginning, while Japanese decreased by the same amount and one dollar bought 142.10.
In Asia, the markets grew on Wednesday morning when Japanese Broad Topix scored 2 percent, Hong Kong Saint is 2.3 percent, and Taiwanese is 3.6 percent.
Investors said the obvious turn of the President to Powell proved that at least some members of his internal circle, who acknowledged that, the markets value the independence of the main institutions of America.
“It shows that there are some fences around this president,” said Deca Malaryki, director of the SLC Management Management manager. “It feels (Minister of Scott’s Treasury),” he added.
“Of course, which other people talked to (Trump) and explained that (shooting the Powell) would lead to great volatility. The indentity acknowledges that the integrity of the markets should be supported.”
Powell has repeatedly stated that he would serve as a full term as the chairman of the Fed and believed that his early dismissal would not be allowed in accordance with the US law.
Concerns of investors’ concerns about his position, after Kevin Joset, Director of the National Economic Council, said on Friday that Trump “would continue to study” the issue of Powell’s deviation.
Hassett, the then chairman of the Council of Economic Advisors, supported Powell after the chairman of the Fed and Trump fell during his first term as president.
Financial markets sold out on Monday after Trump attacks on Powell as “Mr Too Nate” in a message on his The truth is social The platform, with the dollar drops to a three -year minimum to the basket of currencies, and the S&P 500 index decreased by 2.4 percent.
US shares and dollar have largely occupied their losses during regular bidding on Tuesday after the infant said Trade War with China was “impossible”.
The Fed has been held in clashes with Trump since he took over, but the White House attacks have intensified since the president launched his “mutual tariffs” on April 2.
Speed, including Powell, made it clear that they will postpone any percentage It is reduced until they are sure that Trump’s trade policy will not lead to constant inflation growth.
The chairman of the Fed and his colleagues also make it clear that Trump’s tariffs increase the prospect of reducing growth and higher prices, weakening the economy previously said by officials were in good form.
Last Thursday, Trump accepted the truth on the social Thursday, saying that the cessation of Powell “could not come soon” after the previous day the Fed chairman confirmed that the Central Bank would not come to rescue and reduce the speed in the stock markets to resist the fear that the tariffs would lead the US economy.
An additional report from George Ruhi and Peter Wells in New York and Arjun Neil Alima in Hong Kong
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2025-04-23 01:53:00
