The US president, Donald Trump, called “fool” on Thursday in capital letters to the president of the Federal Reserve, Jerome Powell, who yesterday announced that the Central Bank maintains interest rates unchanged and considered that inflationary risks persist.
“‘Too slow’ Jerome Powell is a fool, who has no idea. Excluded that, I like it a lot,” Trump said this morning in a post of the social truth network in which he ensures that fuel prices and energy are “well below” and that in the country there is no “virtually” inflation.
The Open Market Committee of the Federal Reserve (Fed) decided yesterday, at the close of its two-day meeting, maintaining interest rates without changes in the fork of 4.25-4.5% where they are maintained from the December 2024 cut.
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Trump calls the president of the Fed ‘fool’ after announcing that the interest rates will not lower
Since his arrival to power in January, Trump has repeatedly asked Powell to announce another decrease in types because inflation is contained and his policy of higher commercial tariffs brings income to public coffers, while the president of the Fed has defended his independence.
Powell pointed out yesterday in his usual press conference that although it is “likely” that tariff increases cause an increase in inflation, a deceleration of economic growth and an unemployment rise if they continue, for the moment the economy itself remains solid.
The GDP of the United States contracted 0.3% in the first quarter in annualized rate and 0.1% compared to the previous quarter, the first negative data since 2022, but the leader of the issuer bank pointed out that although people are concerned about the impact of the tariff conflict, it has not yet arrived.
Unemployment remained in 4.2% in April in the US, the same level as in March, while prices decreased in March 0.1%, their first monthly fall since May 2020, and left that month interannual inflation in 2.4%, slightly above the 2% target marked by the Fed.
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Powell stressed yesterday that these good data allow monetary policy to be patiently faced in the face of uncertainty about the impact of changes in commercial, regulatory and budgetary policy of the Trump administration.
With EFE information.
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