Trump again targeted Jerome Pavel at his rally in Michigan on Tuesday

Trump Tariff: US President Donald Trump, while addressing an event in Michigan on Tuesday, again targeted Fed Reserve Chairman Jerome Pavel. At Michigan rally, Trump said, I have a person who is not doing really good work. Although Trump did not directly take the name of Pavel, but he meant to say from Pavel.

Trump again raised the issue of reducing the interest rate

Trump further said, “I want to keep my attitude towards Fed respectable and good. You should not even criticize the fed, but should allow it to do your work. But believe me, I know more about the interest rates. “Just a week ago, Trump even said that” Powel’s dismissal cannot be so soon. “Now his said what he said at Michigan’s rally shows that Trump does not have the intention of making pressure to reduce the interest rates on the Central Bank or his chairman.

Trump’s things give so much assurance that he will not try to remove the fed chairman from the post. With this, investors will breathe a sigh of relief, who were thinking that they are ready to eliminate the leadership of Fed and directly challenge his freedom. In fact, people were worried about it because the news came to the news that Trump is consulting with his team to remove Pavel from his chair.

This is Pavel’s trend regarding interest rate

Pavel says that due to Trump’s high tariff, there is a possibility of increasing inflation and decreasing growth. Pavel said that Trump’s tariff policy has created challenges in front of central banks. The Fed will first have to assess how the impact of the tariff will be on inflation and employment and to deal with these challenges, the deadline will also have to be considered. This showed that Pavel is not in a hurry to reduce tariffs recently.

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