Jerome Powell, Chairman of the Federal Reserve, did not want to spend a lot of time on the new US President, who has already brought the central bank, in calling for the significant interest rate.
“I don’t intend to respond, exchange, or comment on what the president said,” Powell told the reporters on Wednesday. “It’s not appropriate to do that.”
Read more: FRB rate decision: How it affects your bank account, loan, credit card, and investment
However, his comments have said that some unknowns about the new Trump administration’s economic policy could have a future impact on Fed’s monetary policy, and the Central Bank remains more carefully on actions. It was clear that he would force him.
“We don’t have to hurry to adjust the attitude of policy,” he said.
Powell has quoted tariffs, immigration, fiscal policy, and regulatory policies as a wide field that has not yet been defined during Trump 2.0.
“We need to clarify these policies before making plausible evaluation,” he said. “We are watching carefully.”
The range of possibilities by Trump’s tariff plan is “very, very wide,” and it is still unknown how they can filter to US consumers.
Trump threatens this Saturday to impose tariffs on Mexico, Canada and China. Just as some economists are trying to guarantee that the problem is ultimately controlled, some economists predicted the inflation pressure on inflation.
Last week, Trump spoke in front of the World Economic Forum, suggesting a collision with a Fed policy proprietor, saying that he would “request” a lower price.
Trump later doubled his comments while talking to the reporters. He wanted to think that he was “a lot”, and he pointed out that the Fed would listen to him. He said he was hoping to talk directly with Powell “at the right time.” Powell said on Wednesday that he had not talked to the new president.
Trump posted a new message on his social media platform on Wednesday afternoon, claiming that Powell and Central Bank argued that they couldn’t stop the problems they created.
Some Fed officials have been concerned about the new Trump administration’s trade and immigration policies behind the sealed doors that it could provide more upward price pressure.
And there was a statement that the FRB decision on Wednesday seemed to show that policy proprietors were cautious about the direction of inflation.
The story will continue
