Jerome Powell says he will not give up the Fed or lower the rates at Trump’s request

The president of the Federal ReserveJerome Powell, resists a strong campaign by former president Donald Trump to force him to lower interest rates or give up his position. He maintains that he would now give in the independence of the Central Bank.

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● Trump Redobla insults and publicly presses Powell to reduce the rates.
● Powell remains firm and refuses to resign before 2026.
● The White House It even questions a USD $ 2.5 billion project in the Fed.

The president of the United States Federal Reserve (Fed), Jerome Powell has made it clear that It has no intention of giving up or giving in to the growing pressure of President Donald Trump to reduce interest rates.

As reported CNN, Powell has commented privately that abandoning his position at this time would send a dangerous message: that the Central Bank can be politically manipulated.

Powell, originally nominated by Trump in 2017, has become the target of an aggressive public campaign by the president and his allies. However, it remains firm in its commitment to preserve the autonomy of the Federal Reserve.

The clarification came to place one day after the meeting between Trump and Powell at the facilities of the Fed, where the director of the Central Bank denied the US President regarding the costs of the ongoing renovations.

A growing pressure from the White House

For weeks, Donald Trump has intensified his offensive against Powell. He has repeatedly insulted it in public, qualifying him as “idiot”, “Hollow head” and “one of my worst designations.” In a recent statement, the president said: “It’s like talking to a chair. He has no personality.”

Not only Trump has participated in these attacks. Members of his team have disseminated rumors without confirming about a possible renunciation of Powell. In addition, the White House has begun to examine a construction project of USD $ 2.5 billion at the headquarters of the Federal Reserve, questioning the cost overruns and suggesting that they could serve as a reason for dismissal.

During your visit to the facilities of the Fed, Trump slapped Powell on the back and joked saying that “He would love to lower interest rates”. The bank’s director responded with an uncomfortable laugh, but avoided any comments or commitment.

Powell remains focused on his mandate

Despite political harassment, Powell has remained focused on his technical work at the head of the Fed. He has not issued partisan statements or signs that he is considering resigning. According to nearby people, his intention is to complete his mandate, which ends in May 2026.

Powell has built his reputation as a sober and data -oriented official. Served in the administration of George Hw Bush and then integrated into the Federal Reserve, where he has maintained an apolitical posture. This profile was key to obtaining bipartisan support during your confirmation in the Senate, even under Trump’s command.

Today, that same reserved style puts it in conflict with its former nominator, who seeks more aligned decisions with their political objectives, especially in relation to expansive monetary policy.

Institutional independence against political noise

Republican legislators such as Senator Mike Rounds have confirmed Powell’s inflexible position. “I asked directly if I would consider giving up, and he told me no, that that would weaken the independence of the Federal Reserve”Rounds assured CNN.

Powell’s decisions continue to guide themselves with economic data, not by external pressures. Your refusal to modify interest rates despite the onslaught of the White House It is a sign of its commitment to a monetary policy based on fundamentals.

Internal sources of the Fed They point out that their leadership maintains a coherent and remote line of political drama. According to these people, Powell believes that staying silent and firm is the best way to protect the institution from undue influences.

What is at stake

Powell’s resistance occurs in a context where Federal Reserve Face critical decisions about inflation, growth and financial stability. Interest rates, which have remained stable amid inflationary pressures, are a key instrument of the central bank to control the economy.

An eventual precipitated resignation of the president of the Fed It could cause instability in financial markets and weaken global confidence in the independence of the agency. Therefore, its permanence until 2026 is not only a gesture of personal resistance, but an institutional defense.

Until now, Powell has made it clear that neither the insults nor the political insinuations will alter the course of his management. Will remain at the head of the Fed, defending its independence, even if that means absorbing political attacks for another year.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

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