The Federal Reserve’s Board of Directors must take control if Jerome Powell continues to refuse to reduce interest rates, Donald Trump said today. As Trush Social wrote in Truth, Trump: “Jerome” too late “Powell, dry -headed … s, he has to lower interest rates now. If it continues to refuse, the council has to take over the control, and do what everyone knows that it has to be done! ” The US Central Bank has consistently maintained interest rates by its decision yesterday, and Jerome Powell’s statements after the decision weakened the belief that borrowing costs would begin to retreat in September, enraging Trump who urgently demands interest rates. Yesterday’s decision was taken by 9 votes in favor and 2 against, as two members disagreed for the first time in 30 years, in a rupture with the delivery of consensus in making the Fed decisions. The seven members of the Board of Directors […]
Source: News Beast
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