Trump says Powell should leave the Federal Reserve soon. He argues that interest rates need to come down faster because prices for things like oil have fallen. The US president went on social media to complain before Europe cut its rates. He thinks America makes lots of money from tariffs on imports. Trump picked Powell for the job back in 2017.
The European Central Bank lowered interest rates to 2.25 percent due to trade problems. ECB leader Christine Lagarde defended Powell against these attacks. She mentioned having respect for her American colleague. Markets have been very shaky since Trump started new tariffs. The official data shows egg prices actually went up to $6.23 per dozen.
Powell warned that tariffs will hurt economic growth. He said these import taxes were bigger than expected. The BBC found no proof of Trump's claims about tariff money. Stock markets have been unstable as trade fights with China grow worse. Powell believes consumers will pay higher prices because of these tariffs.
The European Central Bank lowered interest rates to 2.25 percent due to trade problems. ECB leader Christine Lagarde defended Powell against these attacks. She mentioned having respect for her American colleague. Markets have been very shaky since Trump started new tariffs. The official data shows egg prices actually went up to $6.23 per dozen.
Powell warned that tariffs will hurt economic growth. He said these import taxes were bigger than expected. The BBC found no proof of Trump's claims about tariff money. Stock markets have been unstable as trade fights with China grow worse. Powell believes consumers will pay higher prices because of these tariffs.
