Jerome Powell, chairman of the US Federal Reserve, during an Economic Club or Chicago event in Chicago, Illinois, USA, on Wednesday, April 16, 2025.
Jamie Kelter Davis | Bloomberg | Getty images
President Donald Trump issued half of the call for the American Federal Reserve on Friday to lower the speeds between the inner, after a better than expected job report for April.
“Just as I said, and we are only in a transition phase, just getting started !!!” Trump wrote Social Post Minute in an exuberant truth after the last report did not come out wage lists.
“Consumers have been waiting for years to see the prize eating. No inflation, the Fed should lower its rate !!!” He wrote.
The Bureau of Labor Statistics reported on Friday morning that non -agricultural wage lists increased with a seasonal adapted 177,000 jobs in April, which defeated the estimate of Dow Jones of 133,000. However, the figure was added under the downward revised 185,000 jobs in March.
Stockfutures rose after the release.
From the position, Trump has his efforts continue to influence the decision -making process of the Central Bank and to challenge his long -term independence of the executive power.
But it also shows Trump who further shields his criticism of FED chairman Jerome Powell, which job seemed to be threatened until recently.
Trump has long criticized power and lifted him to borrow in the hope of stimulating growth. Economic assistant Kevin Hassett said last month that the White House was investigating rules, including the President Powell.
Powell has Mainintoned that Trump cannot dismiss him before his term of office if Fed Chair proceeds in May 2026. But it is afraid that Trump may still try to replace Powell with Subson who is willing to wash the political pressure on the rates, markets and research.
On Apil 21, those fears have activated a sale that saw both large indexes and the American dollar malaise on the same day.
Since then, Trump you have said “no attempt” from Fair Powell and he has called back his criticism.
“I have a FED person who doesn’t really do a good job,” Trump said on Tuesday during a meeting in Michigan, without ever mentioning Powell by name.
“I want to be fun and respectful for the Fed,” I added. “You are not supposed to criticize the Fed; you are suppered to let him do his own thing, but I know much more than he does about the interst rates, believe me.”
This is the latest news. Renew you for updates.
– Jeff Cox from CNBC has contributed to this report.
