CCTV News: US President Trump once again "blames" US Federal Reserve Chairman Powell on April 21, asking him to cut interest rates immediately, the US financial market fell sharply. Trump changed his previous statement on the 22nd, saying that he had "unintentionally" removed Powell from his post.
Trump repeatedly stated at a White House media meeting on the 22nd that he "never intended" to remove Powell from his post. Trump also reiterated that he wanted to cut interest rates by "more proactively" when he saw Powell, but even if Powell did not do as he did, it did not mean "end", but now is a "good time" to cut interest rates.
The Trump administration has repeatedly threatened Powell recently. On April 17, Trump said that Powell was "playing with politics" and "the sooner he left, the better", and said, "If I want him to leave, he will have to leave soon." On the 21st, Trump also called Powell "Mr. Too Chi" and "a big loser" and warned that if Powell does not cut interest rates immediately, the US economy will slow down. On that day, the US dollar exchange rate fell sharply, and the three major U.S. stock indexes also fell significantly. After Trump changed his words on the 22nd, all three major stock indexes in the New York stock market rose significantly.
In the face of continued pressure, Powell stressed that Trump, as president, does not have the legal authority to remove him from his post and will remain as chairman of the Federal Reserve until his term ends in May next year. He also said that the Fed will not succumb to political pressure, and in the face of the complex economic situation brought about by the Trump administration's recent tariff policies, the Fed will focus on fighting inflation.
According to the Washington Post, some analysts believe that Trump "blasted" Powell in an attempt to pass on the responsibility of the U.S. economy's signs of weakening from the government-initiated trade war to the Federal Reserve. The Trump administration's trade policy has disrupted the market, resulting in a decline in U.S. stocks, a weak dollar and a high U.S. Treasury yield.
According to Reuters, the current visit survey has shown that confidence in the economy of US households and businesses has deteriorated rapidly. The International Monetary Fund lowered its outlook on the U.S. and global economic growth this year on the 22nd, mainly due to the negative impact of the Trump administration's tariff measures.
