US President Trump, Fed President Powell once again called for interest reduction, otherwise he warned that “the economy may slow down”. Trump stated that President Powell's tariff decision may almost have no inflation while issuing inflation warnings.
US President Donald Trump said that the US economy may slow down if he criticized Jerome Powell, president of the US Federal Reserve (Fed) for his sluggishness in making a decision and no reduction in interest immediately. Trump, Trump, the social truth in his sharing, “As I predict, as I predict, maybe almost no inflation with a very good decline trend, but a great loser, he is too late, if he does not reduce interest rates,” he said.
Pointing out that Europe is earning interest 7 times, Trump said, “Powell, during the election, Joe Biden was sleepy, then Kamala'ya Kamala'Ya was always too late to help,” he said.
According to Trump's statement, Wall Street's main indicators lost more than 1 percent on Monday.
Description from Powell
Jerome Powell, President of the United States Bank (Fed), made assessments of the economic appearance at the event he attended at the Chicago Economic Club in the previous days and said:
“The level of tax increase has been described so far greater than expected. Similar conditions may be valid for economic effects, these impacts will take place more inflation and grow slower. Tariffs can lead to temporary increase in inflation.
“We can see ourselves in a challenging script”
We can see ourselves in a challenging scenario in which inflation goals and our deeds are tense. Currently, we are in a good position to expect more clearly before thinking about making any adjustments in our policy position. External estimates related to the year are decreasing and most growth shows that it will continue to slow down, but it will still be positive. Perhaps in the rest of this year, we will escape these goals, or at least we will not make any progress in it, and we will continue to progress as much as possible.
“The main problem is trade policy”
The main problem is policies, especially trade policies. The true question is that this place will be achieved. We do not know this and we cannot make conscious reviews until I learn it. The market is struggling with uncertainty, which means fluctuations. The market is trying to threaten unique developments in history and an uncertain environment. You may see that the fluctuations continue. “