President Trump continues to accuse labor data of being manipulated and evaluates the Fed Chairman as political.

He also criticized Chairman Powell's rate cuts as being too late, while noting that potential candidates for the Fed Chairman position are all highly capable.

MAIN CONTENT

  • Trump asserts that U.S. labor data is not transparent.

  • The current Fed Chairman is criticized for the timing of interest rate cuts.

  • The list of candidates for the position of Fed Chairman includes many outstanding figures.

Why does President Trump doubt U.S. labor data?

President Trump continues to assert that labor statistics in the United States are manipulated to create a more positive impression than reality.

In many speeches, he stated that this affects economic policy and reduces the transparency of the U.S. labor market. This raises concerns about the accuracy of important economic data being published.

This perspective has sparked much debate among professionals about the methods of collecting and publishing labor data in the U.S.

Why does Trump believe that the Fed Chairman is political and that interest rate cuts are not timely?

Trump stated that the role of the Fed Chairman is influenced by political factors and that Chairman Powell's decision to cut interest rates was made more slowly than the actual demands of the economy.

This perspective reflects a disagreement over monetary policy strategy between the White House and the Fed in responding to economic developments. Trump believes that cutting interest rates earlier could help stimulate economic growth more effectively.

The Fed's rate cuts have come too late, causing the economy to take longer to recover.

(Donald Trump, President of the United States, speaking on August 5)

Who are the prominent candidates for the current Fed Chairman position?

Many prominent names have been put forward as candidates to replace the Fed Chairman, including Warsh and Hassett, who have extensive experience.

In addition, two other candidates are also highly regarded and could bring about a change in monetary policy. The announcement of the chosen candidate is expected to occur soon.

The selection may be based on the vacant position left by Kugler, allowing for a new leader who aligns with modern economic development directions.

The candidates for the position of Fed Chairman are all capable individuals, ready to contribute to the stability and development of the economy.

(Economic expert at the Economic Analysis Center, 2024)

Frequently asked questions

Why is U.S. labor data controversial?

Labor data directly affects policy planning, so any doubts about accuracy are closely scrutinized by experts and investors.

Does the Fed Chairman have the authority to decide on interest rate policy?

The Fed Chairman and the Board of Governors decide on monetary policy to maintain price stability and support economic growth.

What strengths do Warsh and Hassett have in the race for Fed Chairman?

Both have extensive experience in monetary policy and macroeconomics, and are highly regarded for their leadership capabilities and market understanding.

Who is Kugler and why is his position important?

Kugler plays an important role on the Fed's board, and his position opens up opportunities for policy change and leadership at the Fed in the near future.

When will the new Fed Chairman be officially announced?

The announcement is expected to be made soon, after the evaluation and selection process of suitable candidates is completed.

Source: https://tintucbitcoin.com/trump-phan-doi-du-lieu-powell-ha-lai-cham/

Thank you for reading this article!

Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!