Trump says Federal Reserve Chair Powell바카라 게임 웹사이트�s 'termination cannot come fast enough'

*** new warning from Federal Reserve Chair Jerome Powell as he called the Trump administration's tariffs unprecedented in modern history, saying their effects remain highly uncertain. The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects. Which will include higher inflation and slower growth. With investors feeling the effects of Trump's tariffs daily, Wall Street reacted to Powell's words almost instantaneously, sending stocks tumbling. Businesses and consumers are on edge. Well, that's just it. I mean, we don't know. Every day it's something different, you know, so it's either on or it's off or it's this or it's that. The uncertainty is pronounced and it is profound. In the state of California, California Governor Gavin 온라인 바카라 게임om and state attorney General announced Wednesday they are suing to try to stop the tariffs, saying the president does not have the authority to impose them. Meantime, the Fed is responsible for promoting full employment. And helping keep inflation in check, but Chairman Powell says tariffs have the potential to threaten both. Unemployment is likely to go up as the economy slows, in all likelihood and inflation is likely to go up as tariffs find their way, and some part of those tariffs come to come to be paid by the public. I'm Sherelle Hubbard reporting.

President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader's "termination cannot come fast enough.바카라 게임 웹사이트�Trump hinted at moving to fire Powell, whose term does not expire until next year. The president's broadside comes a day after Powell said in a speech that Trump's broad-based tariffs have left the Federal Reserve seeking "greater clarity바카라 게임 웹사이트� on the impact of policy changes in areas such as immigration, taxation, regulation and tariffs before making the move on interest rates.바카라 게임 웹사이트�Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS,바카라 게임 웹사이트� Trump said in a social media post.Referring to the European Central Bank, he added that Powell 바카라 게임 웹사이트�should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell바카라 게임 웹사이트�s termination cannot come fast enough!바카라 게임 웹사이트�The European Central Bank on Thursday lowered its key interest rate from 2.5% to 2.25%.Powell was initially nominated by Trump in 2017, and he was appointed to another four-year term by President Joe Biden in 2022. At a November news conference, Powell indicated he would not step down if Trump asked him to resign.He has also said that the removal or demotion of top Fed officials was 바카라 게임 웹사이트�not permitted under the law.바카라 게임 웹사이트�Powell started Trump바카라 게임 웹사이트�s second term in a relatively secure spot with a low unemployment rate and inflation progressing closer to the Fed바카라 게임 웹사이트�s 2% target, conditions that could have spared the U.S. central banker from the president바카라 게임 웹사이트�s anger.But Trump바카라 게임 웹사이트�s tariffs have increased the threat of a recession with both higher inflationary pressures and slower growth, a tough spot for Powell, whose mandate is to stabilize prices and maximize employment. With the economy weakening because of Trump바카라 게임 웹사이트�s choices, the president appears to be looking to pin the blame on Powell.Powell, in his remarks at the Economic Club of Chicago on Wednesday, said the Fed will base its decisions solely on what is best for all Americans.바카라 게임 웹사이트�That바카라 게임 웹사이트�s the only thing we바카라 게임 웹사이트�re ever going to do," Powell said. 바카라 게임 웹사이트�We바카라 게임 웹사이트�re never going to be influenced by any political pressure. People can say whatever they want. That바카라 게임 웹사이트�s fine, that바카라 게임 웹사이트�s not a problem. But we will do what we do strictly without consideration of political or any other extraneous factors.바카라 게임 웹사이트�바카라 게임 웹사이트�Our independence is a matter of law," Powell continued. "We바카라 게임 웹사이트�re not removable except for cause. We serve very long terms, seemingly endless terms. So we바카라 게임 웹사이트�re protected into law. Congress could change that law, but I don바카라 게임 웹사이트�t think there바카라 게임 웹사이트�s any danger of that. Fed independence has pretty broad support across both political parties and in both sides of the Hill.바카라 게임 웹사이트�___AP journalist Sagar Meghani contributed reporting.

WASHINGTON —

Trump hinted at moving to fire Powell, whose term does not expire until next year. The president's broadside comes a day after Powell said in a speech that Trump's broad-based tariffs have left the Federal Reserve seeking "greater clarity바카라 게임 웹사이트� on the impact of policy changes in areas such as immigration, taxation, regulation and tariffs before making the move on interest rates.

바카라 게임 웹사이트�Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS,바카라 게임 웹사이트� Trump said in a social media post.

Referring to the European Central Bank, he added that Powell 바카라 게임 웹사이트�should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell바카라 게임 웹사이트�s termination cannot come fast enough!바카라 게임 웹사이트�

The European Central Bank on Thursday lowered its key interest rate from 2.5% to 2.25%.

Powell was initially nominated by Trump in 2017, and he was appointed to another four-year term by President Joe Biden in 2022. At a November news conference, Powell indicated he would not step down if Trump asked him to resign.

He has also said that the removal or demotion of top Fed officials was 바카라 게임 웹사이트�not permitted under the law.바카라 게임 웹사이트�

Powell started Trump바카라 게임 웹사이트�s second term in a relatively secure spot with a low unemployment rate and inflation progressing closer to the Fed바카라 게임 웹사이트�s 2% target, conditions that could have spared the U.S. central banker from the president바카라 게임 웹사이트�s anger.

But Trump바카라 게임 웹사이트�s tariffs have increased the threat of a recession with both higher inflationary pressures and slower growth, a tough spot for Powell, whose mandate is to stabilize prices and maximize employment. With the economy weakening because of Trump바카라 게임 웹사이트�s choices, the president appears to be looking to pin the blame on Powell.

Powell, in his remarks at the Economic Club of Chicago on Wednesday, said the Fed will base its decisions solely on what is best for all Americans.

바카라 게임 웹사이트�That바카라 게임 웹사이트�s the only thing we바카라 게임 웹사이트�re ever going to do," Powell said. 바카라 게임 웹사이트�We바카라 게임 웹사이트�re never going to be influenced by any political pressure. People can say whatever they want. That바카라 게임 웹사이트�s fine, that바카라 게임 웹사이트�s not a problem. But we will do what we do strictly without consideration of political or any other extraneous factors.바카라 게임 웹사이트�

바카라 게임 웹사이트�Our independence is a matter of law," Powell continued. "We바카라 게임 웹사이트�re not removable except for cause. We serve very long terms, seemingly endless terms. So we바카라 게임 웹사이트�re protected into law. Congress could change that law, but I don바카라 게임 웹사이트�t think there바카라 게임 웹사이트�s any danger of that. Fed independence has pretty broad support across both political parties and in both sides of the Hill.바카라 게임 웹사이트�

___

AP journalist Sagar Meghani contributed reporting.

Trump says Federal Reserve Chair Powell바카라 게임 웹사이트�s 'termination cannot come fast enough'

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