President Trump of the United States further pressured Jerome Powell, chairman of the Federal Reserve. On April 21st, Trump posted on the social platform "Truth Social" that Powell was a "major loser", warning that the U.S. economy might face the risk of slowdown if he did not cut interest rates immediately.
Trump said that the United States currently had "almost no inflation", and the prices of energy and "most other goods" were declining. He wrote: "As I predicted, these price declines are going so smoothly that there may be almost no inflation, but the economy may slow down unless 'too late' Mr., the major loser cuts interest rates now."
According to CNBC reports, Trump and his team are studying whether there is a legal way to dismiss him before Powell's term ends. It is reported that Powell said last week that Trump's trade war would suppress economic growth and could stimulate inflation.
The chairman of the Federal Reserve is not an appointed official by the president. Therefore, Trump has long wanted to get rid of Powell, but he has been at a loss due to a lack of legal breakthroughs.
Powell threatened Trump, saying you have no power to dismiss me.
At present, both sides are holding their ground without yielding.
From a professional perspective, Powell should be trusted, but from a political perspective, Powell is a loyal Democrat. Whether he is using the Federal Reserve as a lever to squeeze Trump or not is also worth considering.
Original article: https://www.toutiao.com/article/1830052954223616/
Disclaimer: The article only represents the author's personal views.