Editor's PiCK
Trump criticizes: 'Considering dismissing Powell as Fed Chair... Complete fool'
Summary
- Former President Donald Trump indicated the possibility of dismissing Jerome Powell as Fed Chair.
- Recently, after the Fed froze rates for the fourth consecutive time, Trump continued his harsh criticism.
- Such remarks are said to increase uncertainty in U.S. monetary policy.
Donald Trump, President of the United States, has publicly criticized Jerome Powell, Chairman of the Federal Reserve (Fed), and hinted at the possibility of his dismissal.
According to Watcher Group on the 21st (local time), Trump said, "Powell is a 'fool' and a 'Trump hater'" and added, "I don't know why the Fed Board doesn't restrain such a complete idiot. Maybe it's time to reconsider the decision to dismiss him," issuing strong remarks.
Earlier, the Fed had kept the interest rates at the current level of 4.25~4.5% during the monetary policy meeting (FOMC) held on the 18th. This marks the fourth consecutive rate freeze this year. Upon the announcement, Trump strongly criticized Powell, saying, "Powell is one of the most foolish and destructive people in the government."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
