Washington – President Trump is visiting the Federal Reserve Headquarters in Washington, on Thursday, a week after telling that Fed Chair Jerome Powell Handling of a comprehensive renewal project Two fed buildings may have ground for firing.
Mr. Trump has Pavel criticized for months Because Fed has maintained Fed control at 4.3% this year after cutting the short -term interest rate three times last year. Powell says that the fed wants to see that the economy is Mr.. Trump’s broad tariffWhich Powell says that inflation can increase.
Powell’s caution has affected the President, who has demanded a fed cut lending cost to motivate the economy and the federal government reduces the interest rates paid on its loan.
Fed is renewing its Washington headquarters and a neighboring building. With some construction in the form of underground and construction materials after inflation in 2021 and 2022, the price of construction material has increased, the estimated cost has increased from $ 1.9 billion to about $ 2.5 billion.
Asked last week, whether expensive reconstruction Powell could be the basis for setting fire, Mr. Trump said, “I think it’s.”
“When you spend $ 2.5 billion, in fact, a renewal, I think it’s really derogatory,” the President said.
Firing Powell threatened Fed’s freedom, which has long been supported by most economists and Wall Street investors, and will definitely ratio the financial markets.
Mr. Trump has several times referred to his handpick fed chair “as”Nambscul“A” Trump Hatters and A “Stubborn,
President asked a group of House Republicans at the Oval Office meeting finals week If he should fire Powell, the sources told CBS News. Mr. Trump told reporters a day later “highly unlikely“He, although he confirmed that he talked to MPs about” the concept of firing them “and almost all of them said that I want me. ,
Joe Walsh contributed to this report.
