The Federal Reserve System challenges Trump and supports interest rates at the level of 4.5% in the United States.
The federal reserve system holds the pulse against Donald TrumpPaul Powell, President of the Fed, Paul, He resisted the pressure of the US president At the first meeting of the Federal Open Market Committee (FOMC) and decided to maintain the price of money without changes that It remains in the fork between 4.25 and 4.5%Field
The decision is not to change interest rates, despite Commercial war began a month ago The President of the United States was supported by a slowdown in inflation in the country in March and positive data on the unemployment level that were published in April.
The tariffs are declared Trump A month ago, the task of Jerome Powell to maintain a balance between inflation control and maintain economic growth.
In addition, the republican leader He threatened and pressed the President of the Fed to such an extent that he was fired from his positionNevertheless, Trump found legitimate obstacles that prevented him from firing Powell.
In fact, the magnate called “ignorant“For Powell, he came to make sure that this was his oldest”enemy“, calling it as”Mr. is too late“After receiving the presidency, Trump assured his network of social truth that it is”The cessation of Powell cannot become fast enough“Although he abandoned his attempts to dismiss him from legal obstacles, the president did not stop attacking him.
Interest rates, falling from October
Types reached the maximum between 2023 and 2024When They remained from 5.25 to 5.5 percent In its maximum fork. In September last year, the December began, which had three waterfalls, to reaching current rates, from 4.25 to 4.5%Field
FRS political leaders say that, despite the fact that the White House measures have uncertainty, economic data indicate that there is still no need for monetary salvation.
In this environment of the Fed, before the Powell press conference, it is indicated that FOMC “will carefully monitor the consequences of incoming information for economic prospects.” “The committee will be ready to adjust the monetary policy depending on the if there are risks that may impede the achievement of their goals.
Its assessments will consider a wide range of information, including data on labor market conditions, inflationary pressure and expectations, as well as financial and international evolution. Unemployment remained at 4.2 % in April in the United StatesThe same level as in March, while prices went down in March 0.1 %, their first monthly fall since May 2020 and left the inter -month inflation by 2.4 %.
In turn, The trade deficit of the United States grew by 14 % to $ 140.5 billion in MarchA month after activation of tariffs on global imports and increasing collections for China. These data reflect an increase of $ 17.3 billion compared to $ 123,200 million in February, according to the report published on Tuesday for the Bureau for Economic Analysis (Bea).
