Trump indicated that if he gets another term, he might pressure Federal Reserve Chair Jerome Powell to loosen monetary policy.
to succeed Janet Yellen, who went on to become Treasury secretary under President Joe Biden."Well, I guess he would have two years left or something like that, so we'll see," he said.
"You know the word jawboning? I did a lot of jawboning against him, and he ultimately lowered interest rates. We had lower interest rates. We had the best housing market ever. We had people buying homes," he added."Things are not going, right now, very well for the consumer. Bacon is up five times. Food is up horribly, worse than energy."Inflation has been a major problem during the Biden administration after staying benign under Trump and, before that, Barack Obama.
However, economists largely agree that the seeds were planted for higher prices in the early days of the Covid crisis, when supply chains froze, consumer demand switched from services to goods, and Congress and the Fed injected trillions of dollars in stimulus in an effort to combat the pandemic's economic impact."I would get inflation down, because drill we must. We will be drilling for oil. We are going to become, again, energy independent.
The Fed meets next week and is expected to hold rates steady. Powell's term expires in February 2026.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
3 officials sworn in at Federal Reserve, as governing board reaches full strengthFederal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
Consulte Mais informação »
3 officials sworn in at Federal Reserve, as governing board reaches full strengthFederal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
Consulte Mais informação »
3 officials sworn in at Federal Reserve, as governing board reaches full strengthFederal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
Consulte Mais informação »
US opposes Trump request to remove judge in federal election caseU.S. Special Counsel Jack Smith on Thursday opposed Donald Trump’s request to remove the federal judge overseeing the criminal case accusing the former U.S. president of attempting to subvert the results of the 2020 election.
Consulte Mais informação »
Prosecutors: No grounds for judge to recuse in federal case against Trump over 2020 electionThe former president’s lawyers contend Judge Tanya Chutkan should step aside due to prior comments.
Consulte Mais informação »