The American president Donald Trump returns to attack The number one of the Fed Jerome Powell Due to the failure to cut interest rates, accusing Mr. “Too Late” (Mr. “too late”) and his of having lost thousands of billions of dollars to the United States in interest on debt. A daily exercise for the US leader, who spares no opportunity to launch some insults against the president of the US Central Bank, who seriously thought of silly.
A spokesman for the White House confirms that Trump has written a letter At the number one of the Federal Reserve, asking him to lower the interest rates, but the US leader did not stop there and poured all his anger into a post on his social truth.
Trump’s last post
This time Trump not even save the other members of the board of the Federal Reserve.
“Jerome ‘Too Late’ Powell and all his board should be ashamed to have allowed this to happen to the United States”
Trump writes on his social Truth profile.
“They have one of the easiest, but also more prestigious, works of America, and they failed and continue to do so. If they did their work correctly, our country would save thousands of billions of dollars in interest expense. The board is there to look at it, then The fault is they too. We should pay 1% of interest, or even more. “
The table with the world rates map
This time Trump does not just attack Powell and the other bankers, but publishes one table with the growing list of all rates practiced from central banks from all over the world, with related annotations, and with the message:
“Jerome, you are, as always, ‘too late’. Costs to the USA luck and continue to do so. You should lower the rates and a lot! Hundreds of billions of dollars have been lost! “.
The table summarizes, in decreasing order the list of rates practiced by central banks all over the world, starting from 0.25% practiced in Switzerland. A annotation “in the margin” of Trump indicates a Ratorm interval desired between 0.25% and 1.75% practiced by Denmark, Seiychelles and Thailand. The list flows towards the bottom and The United States appear in 35th placewith a rate of 4.5%, well over 2% of the eurozone, which is in ninth place, and also above the United Kingdom which is in 33rd place in the standings.
Trump wants to hunt Powell
Last week, on the occasion of the born summit, Trump he had publicly announced the will to Site the president of the Fedindicating that you also have two or three names for its replacement. Press rumors then indicated the papabili rose, among which the US Treasury Secretary also appeared Scott Bessent. Evidently, hunting Powell is more difficult than what the US leader has given to see in recent weeks, also as a guarantee of theindependence of the Fed. And so, perhaps, Trump is attempted to exasperate the imperturbable Powell, attacking him every day on the social (and not only).
Goldman now sees three cuts in 2025
If until a few days ago the market discounted only two cuts in interest rates within the year, now Goldman Sachs sees the probability of a third cut in 2025. Citing the effects of duties and the weakening of the labor market, the US business bank now foresees Three consecutive cuts of 25 points basis September, October and Decembercompared to the previous forecast of a single reduction in December.
