According to the Fed boss Jerome Powell, in view of the American trade policy, that inflation could at least temporarily increase again, US President Donald Trump has now spoken out, as our business correspondent in Washington, Winand von Petersdorff, has reported: “Powell’s discharge cannot come quickly enough.” With this statement about the head of the American central bank, Jerome Powell, President Donald Trump poured oil into the fire of a conflict that has been smoldering for a long time. He is suspected of wanting to undermine the independence of the central bank. His advisors had long developed plans that oblige the FED to consult the president before making money, but more threatening for independence status is a legal proceedings. The Supreme Court is currently checking an old court decision that prohibits president of firing the bosses of independent federal authorities for political reasons. A lifting of the old judgment could be the gateway for opponents of the Federal Reserve to bring them under the control of the presidents. The conservative judges of the Supreme Court have so far been losing loosening any limits of the executive power of the president. He referred to the congress in which the independence of the Federal Reserve finds broad support in both parties. He does not believe that a decision by the Supreme Courts has an impact on the Fed. “But I don’t know.” He added: “People can say what they want. This is fine, that’s not a problem. But we will do what we do, strictly regardless of political or other external factors.” This time, Trump’s trouble apparently ignited from the central banker’s statement that Zolle most likely leads to an increase in inflation at least temporarily. Trump’s tariffs were significantly higher than expected. “This should also apply to the economic effects, which will include higher inflation and more slow growth,” said the head of the Federal Reserve. He signaled that the FED did not plan any key interest rate. He should have already lowered the interest. Oil and food have become cheaper while the United States would be rich through tariffs.
