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Fed chief Powell is not afraid of Trump

Despite the repeated criticism of Donald Trump Fed Chairman Jerome Powell is undeterred. "The law clearly States that my term of office is four years," said

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Fed chief Powell is not afraid of Trump

Despite the repeated criticism of Donald Trump Fed Chairman Jerome Powell is undeterred. "The law clearly States that my term of office is four years," said Powell, on Sunday in an Interview with U.S. channel CBS. This will he also meet.

The US Central Bank had raised the key interest rate in the past year four Times and sharp criticism of the US President. In the process, Trump broke with the tradition that US presidents recognize the Fed as an independent. "I think the Fed is crazy," said the American President in October. According to his Statements, observers speculated that Trump could be dismissed Powell, even though he had these made to the Central Bank chief.

Slower but healthy growth

It would not be "appropriate", he would comment on trump's remarks directly, said Powell. Any discussions, distracted, only from his job as Fed chief. At the same time underscore Powell its monetary policy stance. The level of interest rates was "roughly neutral", do so, neither stimulating nor dampening effect on the economy.

in Spite of the cooling economy in China and Europe, Powell is expected for the United States, a slower but healthy economic growth. A risk of a recession does not exist. However, cyber crime is a huge factor of uncertainty for the economy. "We use a lot of time and resources to protect the Fed," said the Central Bank chief. (fal/afp)

Created: 11.03.2019, 14:03 PM

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