The Republican president has repeatedly asked for lower interest rates and criticized Powell and the Fed for not lowering them quickly and drastically, something he considers necessary to boost US economic growth in the face of his campaign for re-election next year. .
"It is only the ingenuity of Jay Powell and the Federal Reserve that does not allow us to do what other countries are already doing. We are missing a unique opportunity in life due to 'hollow heads'"Trump tweeted.
On Friday, Powell said the Fed would act as appropriate to help maintain US economic expansion and that political factors do not play a role in the central bank's decision-making process.
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