{"id":23149,"date":"2025-04-17T18:02:49","date_gmt":"2025-04-17T15:02:49","guid":{"rendered":"https:\/\/forklog.com\/en\/donald-trump-calls-for-federal-reserve-chairs-resignation\/"},"modified":"2025-04-17T18:02:49","modified_gmt":"2025-04-17T15:02:49","slug":"donald-trump-calls-for-federal-reserve-chairs-resignation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/donald-trump-calls-for-federal-reserve-chairs-resignation\/","title":{"rendered":"Donald Trump Calls for Federal Reserve Chair’s Resignation"},"content":{"rendered":"

US President Donald Trump launched a scathing critique of Federal Reserve Chair Fed<\/span> Jerome Powell, urging his dismissal over the slow reduction of the key interest rate.<\/p>\n

\"Truth-Details-Truth-Social-Opera-2\"
Source: Trust Social<\/a>.<\/figcaption><\/figure>\n

The head of state made his comments a day after Powell confirmed<\/a> the central bank’s cautious and patient policy. He referred to the “massive tariffs” imposed by Trump, which turned out to be “larger than expected.”<\/p>\n

The regulator’s head noted that official economic growth data would be available in two weeks, but current information indicates a slowdown. According to him, this potentially places the Fed in a “long-forgotten” situation of battling stagflation<\/span>.<\/p>\n

In a similar vein, before Powell’s speech at The Economic Club of Chicago, New York Fed President John Williams expressed<\/a> his views. The official expects real GDP to slow compared to last year’s figures due to economic uncertainty.<\/p>\n

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“With such a decline in growth rates, I expect unemployment to rise from the current 4.2% to 4.5\u20135% next year. I believe tariff increases will push annual inflation to between 3.5% and 4%,” added Williams.<\/p>\n<\/blockquote>\n

The target inflation rate, which the Fed considers when determining the pace of rate cuts, is 2%.<\/p>\n

Trump stated that the US central bank lags behind its European counterparts. On April 17, the ECB<\/span> announced its seventh consecutive cut in key interest rates. From April 23, rates will decrease by 25 basis points to 2.25%, 2.4%, and 2.65%, respectively.<\/p>\n

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President @Lagarde<\/a> has just presented the Governing Council\u2019s monetary policy statement.<\/p>\n

Read the statement https:\/\/t.co\/UIRaQLiTVm<\/a> pic.twitter.com\/w74t30Be01<\/a><\/p>\n

\u2014 European Central Bank (@ecb) April 17, 2025<\/a><\/p><\/blockquote>\n