Monday, June 9, 2025 – 16:04 Wib
New York, Viva – The president of the United States (USA) Donald Trump gave a signal to replace Jerome Powell as president of the United States Federal Reserve (the FED). The statement was confirmed by the person number one of Uncle Sam on Friday, June 6, 2025.
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Trump openly in front of the media team revealed that the former governor of the Fed, Kevin Warsh, became a strong candidate who would occupy the position. He considered that Warsh was a highly respected figure.
The same day, Trump again attacked Powell to reduce the reference interest rate by one percent. This threat is correct in the morning, after the US labor salary report was published in the non -agricultural sector during May 2025.
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Trump called Powell as Mr. Too late. In fact, he accused Powell of being in love with the chaos of the United States economy because he did not reduce interest rates.
Donald Trump and Jerome Powell
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According to Trump, inflation is almost no longer there and that Powell is harmful to the state and if inflation occurs again, Fed must increase interest rates as a form of responsibility. On the other hand, Trump’s participation actually made it difficult for the Central Bank to reduce interest rates.
“Independence is important because it allows more controlled inflation expectations,” said President Fed St. Louis Alberto Musalem cited Xinhua On Monday, June 9, 2025.
He did not remain silent, Powell declared that the president had no legal authority to dismiss the president of the Fed who was serving without reason. Trump’s action includes a violation of violating applicable regulations.
As stipulated in the Federal Reserve Law of 1913, the president of the United States only has the right to nominate candidates for the president of the Fed. However, the decision is in the hands of the Senate.
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He did not remain silent, Powell declared that the president had no legal authority to dismiss the president of the Fed who was serving without reason. Trump’s action includes a violation of violating applicable regulations.
