⚡ President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell, asserting that he had repeatedly urged for interest rate cuts, but Powell refused to comply with his directives.
⚡ Powell confirmed in his statements that the Federal Reserve makes its decisions independently and is not subject to political directives, indicating that the current time is not suitable for lowering interest rates.
⚡ It is worth noting that U.S. law does not grant the president the authority to directly dismiss the chairman of the Federal Reserve.
