Friday, 18 July 2025 () Tensions between governments and central banks are common. Governments often prefer low interest rates for economic growth. Central banks prioritize controlling inflation. This difference leads to conflict. US President Trump criticized Federal Reserve chief Jerome Powell. Historical examples include Nixon's pressure on Arthur Burns. Central bank independence is crucial. Government interference can negatively impact markets. The struggle for control continues.
Donald Trump launched a scathing attack on Federal Reserve Chair Jerome Powell, calling him “Too Late” and blaming him for crippling interest rates. In a fiery speech, Trump accused Powell of political bias, economic mismanagement, and wasting billions on federal buildings. Trump claimed high rates are hurting homebuyers and vowed Powell would be “out soon.” He also demanded an internal Fed investigation and slammed Powell’s $2.7 billion building plan, calling it “mission creep.” The clash signals rising tensions over U.S. monetary policy.
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US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.
READ MORE : http://www.euronews.com/2025/06/19/us-federal-reserve-keeps-interest-rates-unchanged-as-it-awaits-the-impacts-of-trumps-globa
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Credit: euronews (in English) Duration: 02:00Published
India's central bank cuts interest rates more than expected, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighs on the country's outlook. The Reserve Bank..
Friday, 18 July 2025 ()
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