US President Donald Trump, Intensified the pressure on the Federal Reserve Leader on MondayOvarian Jerome Powell.
“There may be a fall of the economy until a big failed Lord now reduces interest rates,” he said in his social networking truth. Trump compared the Federal Reserve With the European Central Bank (BC) It has reduced interest rates seven times. “Powell has always been Mr.
Raised ideas Suspects of Federal Reserve Freedom During the middle period, it has created a new mass sale of US assets, ie variable income, dollar and public credit. US stock markets deepened their losses after Easter holidays, and three main codes -Dow Jones, S&P 500 and Nastag mixed- More than 2% fell on Monday. Wall Street has experienced strong sales since Trump’s announcement of mutual fees in early April, and after the decision to suspend them – historic regeneration was made –Except in China– After a week.
However, Trump’s attacks are now new concerns about Reserve independence, and it threatens the stability of the World Financial Organization. “If the Powell is deleted, A large fluctuating injections in the initial reaction financial marketsAnd Michael Brown, the eldest layer of Pepperstone investigation in London, says, “The most dramatic race of leaving American assets that can be imagined.” If this happens, the refuge in the dollar balance and the refuge of the treasury bonds will disappear, probably permanently in both cases. “
Dollar American was significantly weakened against the main coins, the code fell over 98, Its lowest status since March 2022. Euro rose before the Green Ticket, which has reached its highest level since November 2021. Swiss Franco has also been strengthened since 2015, with the Swiss National Bank removed its currency with Euro.
CreditGeneralAmerican experienced strong waterfall When the yield is baked, especially in the long -term treasure bonds. These rose 8 and 10 basic points for 10 and 30 years, which reached 4.4% and 4.9% respectively.
The price of goldA new historical maximum for the dollar concern. The feeling of hate and inflation fears also raised the price of precious metal. After 2.9% was recovered on Monday, the gold future in the camex rose 1.6% (3,026 euros) at 04:00 am on the East Coast hours.
Powell pointed out that there is no urgency to reduce the types
Last week, Federal Reserve Chairman Jerome Powell admitted that the company faces the growing embarrassment when the dual decree of price stability and maximum employment. Pawal also warned it Climbing of fees Can Promote inflation At the same time, Undermine the growth. “At this time, we are well established to expect more clarity before considering any adjustment in our political position.”
After this speech, Trump demanded a reduction in companions and threatened to stop the company’s head. Kevin Hazet, director of the National Economic Council, pointed out that the Trump administration is studying whether he can say goodbye to Powell. The Federal Reserve President is an independent position even if the president is appointed by the president. Powell remembered that before Presidents cannot legally reject or reduce the reserve president. His four -year order will end on May 15, 2026. According to the Supreme Court ruling, members of the company can only be dismissed before the expiry of “under reasonable reason”.