Trump denies that he is planning to launch Powell: “It is very unlikely” star-news.press/wp

Hours after President Donald Trump told a room full of Republican legislators that he would shoot at the Federal Reserve Chairman Jerome Powell, he denied plans to do so.

“We are not planning to do this,” he said on Wednesday at the White House. He added: “I do not exclude anything, but I think it is very unlikely, unless he should leave for fraud.”

At a meeting on Tuesday evening in the Oval Office, Trump asked a group of Republicans in the House of Representatives if they believed that he should shoot Powell. After receiving support for this step, the president said that he would continue, according to a senior White House official.

“The president asked the legislators how they felt the release of the President of the Federal Reserve. They expressed his approval to shoot him. The president indicated that he is likely to be soon,” said the official, who spoke on condition of anonymity.

Members were invited to the White House to discuss the encryption bills that stopped at home.

Separately, The New York Times reported Trump went to the point of formulating a letter to shoot Powell, and he showed it to the legislators during the encryption meeting.

The Federal Reserve official declined to comment on what happened during the meeting of the Oval Office.

But Powell said repeatedly that the shooting was “not allowed under the law.”

No president has ever tried to expel the best central banker in the country, although others criticized the former Federal Reserve Chairs.

The markets turned into a decrease in the initial reports that Trump plans to shoot Powell, but it recovered after Trump denied what the White House was telling the correspondents.

The main White House players launched a multiple attack on Powell to push the central bank to reduce the main borrowing rate. Recently, they detonated Powell due to renewal operations to the headquarters of the Federal Reserve in Washington, which raised doubts that Trump could try to remove the Federal Reserve leader of the case.

The recent Supreme Court’s decision indicated that the president does not have the authority to remove federal reserve officials as desired.

Trump suggested that the “reason” could be a problem for a height, especially with regard to renewing $ 2.5 billion for the Federal Reserve. The project was suffering from abuses, and Powell asked the Inspector General to attempted the Federal Reserve a review.

“Fraud is possible … so there can be something for that,” Trump said. “But I think he does not do a good job. He has a very easy job. You know what to do? Less interest rates.”

In an interview with CNBC on Wednesday, Representative French Hill, R-Ark. , Chairman of the Financial Services Committee in the House of Representatives, “I don’t see” Trump launches Powell. Treasury Secretary Scott Bessin also told Bloomberg News on Tuesday that Trump is not expected to move in this direction.

However, MP Anna Polina Luna, a Florida Republic and joined on Tuesday to other party members in preventing the encryption initiative, said on the social networking site X that the move against Powell was coming.

“Hearing Jerome Powell shoots!” From a very dangerous source, “she wrote later.

Trump was nominated Powell in November 2018 to succeed Janet Yellen, who became the Treasury Secretary at the time of President Joe Biden.

The Senate Powell stressed the next February, but it was the subject of repeated criticism from Trump, during the term of the first and second president.

According to Powell, the Federal Reserve kept the interest rates after it was reduced in late 2024. Trump has accused Powell, political enthusiastic and only reduced in 2024 to help the Democratic candidate Kamala Harris.

“This applies to his board of directors as well, because his board of directors does not do the mission as it should,” Trump said on Wednesday.

Trump’s appointed not only Powell but also the referendum Michel Bowman, who is now the deputy head of the bank’s supervision, and Christopher Wald.

Over the past few weeks, both have indicated ready to start cutting as soon as they met in late July of the Federal Open Market Committee, but not at the pace suggested by Trump.

The President indicated that he wants to obtain the Federal Reserve to 3 Celsius from the Central Bank borrowing rate during the night, which is currently targeting between 4.25 % -4.5 %.