“US President Donald Trump struck with criticism on the Fed’s head Jerome Powell and called for his release for a slow reduction in the key rate. Source: Trust Social. The head of state published a comment the next day, after Powell confirmed the wait and careful policy of the Central Bank. He referred to Trump’s “Large -scale duties”, the size of which turned out to be “larger than expected.” The head of the regulator noted that official data on economic growth will be […]”, – WRITE: Businessua.com.ua
US President Donald Trump struck with criticism on the Fed’s head Jerome Powell and called for his release for a slow reduction in the key rate.
Source: Trust Social.
The head of state published a comment the next day, after Powell confirmed the wait and careful policy of the Central Bank. He referred to Trump’s “Large -scale duties”, the size of which turned out to be “larger than expected.”
The head of the regulator noted that official data on economic growth will be known in two weeks, but current information indicates a slowdown. According to him, this potentially puts the Fed in the “forgotten decades” of the situation of combating stagflation.
In this way, before Powell’s speech at The Economic Club of Chicago, the head of the Frb New York John Williams spoke. The official expects real GDP due to economic uncertainty in comparison with last year’s indicators.
“With such a fall in growth, I expect that unemployment will increase from the current level by 4.2% to 4.5-5% next year. I believe that raising the tariffs for the annual inflation to the values of 3.5% and 4%, ”Williams added.
The target value of the price rise in which the Fed is oriented in determining the rate of reduction of the rate is 2%.
Trump said the US Central Bank is lagging behind European colleagues. On April 17, the ECB announced the seventh in a row reducing key interest rates. The indicators from April 23 will be reduced by 25 base points – up to 2.25%, 2.4% and 2.65%, respectively.
President @lagarde has just presented the governing Council’s Monetary Policy Statement.
Read The Statement https://t.co/uiraqlitvm pic.twitter.com/w74t30Be01
– European Central Bank (@ECB) April 17, 2025
At a meeting in March, the Fed retained a unchanged ranging range of 4.25-4.5%.
“Oil and food prices (even eggs!) Are reduced and the US is rich in tariffs. [ФРС] It had to reduce the rates like the ECB for a long time and, of course, was obliged to do so now. Powell’s release cannot happen so fast! ”Trump wrote.
On the Polymarket forecast platform, the chances of reducing the Fed rate fell from 84% in early April to 54%.
How does the Fed rate affect the prices of cryptocurrencies?
Experts consider the softening of the monetary and money policy experts as a possible driver of risky assets such as bitcoin.
Recall that Powell during the speech allowed the weakening of digital assets related to financial institutions.
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