Trump excludes the dismissal of Powell due to the pace of reducing interest and describing him as 'helpless'
President Donald Trump emphasized that he does not intend to reject the Speaker of Federal Reserve Jerome Powell, despite his constant criticism for lowering interest rates. “Why am I doing this? I will replace it in a short period,” Trump said in an interview with Christine Wilker on Sunday about the ‘Mitt the Press’ program on the ‘NBC’ network. Trump renewed his criticism of the Central Bank president on Wednesday, at a time when he was under increasing pressure as a result of the political and economic consequences arising from the expansion of the imposition of customs duties. Powell’s state is scheduled to finish in May 2026. The Federal Reserve will remain interesting prices unchanged when its board meets in Washington on Tuesday and Wednesday. Despite the increase in the fear of the economy entering a recession, the government’s data published on Friday showed that the number of posts increased by 177 thousand jobs during April, in an indication of the strength of the labor market. Trump’s pressure on Powell If the ‘federal’ really decides to reduce interest, Powell, who was appointed by Trump in 2018, can be exposed to more pressure. Trump said in the recorded interview on Friday that Powell does not want to reduce the benefit “because he does not support me, and he simply does not like me because I think he is completely helpless.” ‘Bloomberg’ said that prominent Trump assistants, including Treasury Secretary Scott, secretly urged him to calm the volatile markets by claiming that he did not intend to reject Powell. Trump expressed concern in mid -April when he wrote on social media: “It is not possible for the decision to end the Powell service to be enough.” Then he told reporters in the Oval Office: “If I want him to leave, he will leave quickly, believe me.” Trump’s defense of customs duties, Trump, also defended his commercial policy and emphasized that businesses began to transfer their productive facilities to the United States, suggesting that he does not exclude that customs duties are permanent. He said, “I will not do that, because if anyone thinks that the drawings will be canceled, why would he then build a facility in the United States?” When asked again if he studied the candidacy for a third term, although the Constitution forbid it, Trump said he told the ‘NBC’ network on March 30 that ‘many people want me to do it’, but the time is still early to make a decision. However, it seemed like it excluded the idea on Sunday. He said, “This is not something I am looking for,” citing Vice President GD wagons and Foreign Minister Marco Rubio as potential caliphs. He added: “I strive for four big years and then surrender the flag to another person, and it is preferable to be a great republic to continue the march.”