US President Donald Trump stressed during his first meeting with Federal Reserve President Jerome Powell since his return to the presidency, the need to reduce interest rates, in a move aimed at strengthening the competitive position of the American economy against China and other countries. White House spokeswoman Caroline Levitte said that Trump expressed his belief that “the Federal Reserve is wrongly committing interest rates,” warning that this position may be put in place The United States is in a “non -favorable economic position”. This meeting came months after Trump’s continuous criticism of the monetary policy of the Central Bank. For his part, Powell stressed in a statement issued that the decisions of the central bank are taken “away from all political considerations,” noting that he gave the president a detailed explanation of the monetary expectations approved exclusively on “economic data and its future repercussions.” This collision in visions between the White House and the central bank comes at a time when the United States is witnessing Economic competition is escalating with China, as Trump believes that reducing interest will enhance the competitiveness of the American economy.
