The US central bank, the Federal Reserve, kept its benchmark interest rates at 3.5 to 3.75 percent at its latest meeting under the leadership of Jerome Powell. The decision came at a time of an energy crisis and inflationary pressures. The Board of Governors was deeply divided in the vote, with four of its members voting against the majority, representing the largest opposition since 1992. ekonomika.sme.sk ↗
Jerome Powell will finish his position as Fed chief in mid-May. At the press conference following the decision, he stated that he wants to remain a member of the Board of Governors even after his term as head of the central bank ends. Powell also criticized the Trump administration's legal actions against the central bank, calling them unprecedented and dangerous for the Fed's independence. hnonline.sk ↗
Meanwhile, Donald Trump once again attacked Powell, saying that the Fed chair wants to stay at the bank because he can't find work elsewhere. Trump has long pressured for lower interest rates, which, however, has not happened due to the energy crisis and inflation. ANSA ↗
Powell will be replaced by Kevin Warsh, whose nomination has just been backed by the Senate committee. The Senate is expected to vote on his confirmation at a plenary session on May 11. The tension between Trump and Powell represents one of the most conflict-ridden relationships between a US president and central bank leadership in history. teraz.sk ↗
Fed left interest rates unchanged as expected, while Powell faces criticism from Trump
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Sources (9)
Senátny výbor podporil nomináciu Kevina Warsha na post šéfa Fedu
teraz.sk
| 18:46 29.04.
US-Notenbank: Jerome Powell kritisiert »beispiellose« Angriffe auf die Fed
Die Zeit
| 22:29 29.04.
Four key takeaways from Jerome Powell's final rate decision as Fed chair
BBC World
| 22:01 29.04.
Fed – Jerome Powell: US-Notenbank lässt Leitzins unverändert
Spiegel.de
| 21:03 29.04.
Fed holds rates steady for third straight meeting as four officials dissent
Independent
| 20:25 29.04.
US-Notenbank: US-Notenbank behält Leitzins bei
Die Zeit
| 20:06 29.04.
'Numbskull, moron and too stupid': Trump and Powell's biggest clashes
BBC News
| 18:12 29.04.
Trump attacca ancora Powell, 'nessuno lo vuole alla Fed'
ANSA
| 00:33 30.04.
Americká centrálna banka podľa očakávania ponechala základnú sadzbu nezmenenú
ekonomika.sme.sk
| 20:22 29.04.
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