President Donald Trump called him a “main loser” where his attack on the US central banks.
In social media posts, Trump urged Jerome Powell to Jerome Powell too slow to respond to economic development, urging them to “preemptively” to “preemptively” to improve the economy.
“The major loser, too late, can slow down the economy unless the interest rate is lowered,” he wrote.
Trump’s criticism of Powell’s handling of US economy occurs as his plan for tariffs leads to the sale of the stock market and raises fear of the economic downturn.
The conflict between Powell, who was appointed to lead the Fed during his first term, was added to the market turmoil.
The S & P 500, which tracks 500 of the largest in the United States, has dropped by 2.4% on Monday. Since the end of the year, about 12%of the value has been lost.
Dow Jones’ industrial average decreased by 2.5% and decreased by about 10% by this year, while NASDAQ has fallen more than 2.5% and has fallen by about 18% since January.
The dollar and US government bonds are generally considered safe assets at the time of market turmoil, but have not avoided recent turbulence.
The dollar index, which measures the dollar’s strength against a series of currencies, including the euro on Monday, has fallen to the lowest level since 2022.
Interest rates on US government debt rose as investors demanded higher profits for treasure retention.
Trump’s criticism of Powell goes back to his first term in the office. After winning the election, he urged Powell to lower borrowings.
Recent criticism is in line with Powell’s warnings that Trump’s income is likely to increase prices and slow down the economy.
Trump made a public call on Thursday so that Powell was dismissed last week and wrote on social media on Thursday.
Such a move will be controversial and legally suspicious, given the tradition of independence in banks.
Powell told reporters last year that he did not believe that the president had legal authority to eliminate him.
But one of Trump’s top economic torture confirmed that civil servants are studying options on Friday, when the US stock market closed for trading.
