US President Donald Trump recently made a new provocation towards the current president of the Federal Reserve, Jerome Powell, by posting a message on his social media platform, Truth Social, reminiscent of his catchphrase “You’re Fired” from the reality show “The Apprentice” that he used to host.
Trump has included charging Powell in his list of attacks and provocations, worsening relations among Americans due to disagreements over the country’s current basic interest rates of 4% to 4.25%.
Jerome Powell’s term at the US central bank lasts until May 2026, but the competition for the position is already intense. Stephen Miran and Christopher Waller are leading contenders for the role, advocating for a more aggressive approach to interest rate reductions.
U.S. Treasury Secretary Scott Bessent planned to complete interviews with 10 out of 11 candidates for the Federal Reserve President position by the end of the week following mid-September.
“The Apprentice” Overview
“The Apprentice” was a reality TV program where 16-18 business professionals vied for a job within one of Donald Trump’s companies, where he served as both host and producer.
It ran for ten seasons and was aired on NBC in the US, as well as on People + Arts and Sony Entertainment Television in Brazil.
Trump holds Powell responsible for high interest rates and celebrates GDP exceeding expectations.
U.S. President Donald Trump stated on Thursday that without the Federal Reserve and Jerome Powell, interest rates would currently be at 2% annually.
Trump wrote on the Truth social network that without Jerome Powell, the country would currently be at 2% and balancing the budget. However, he expressed optimism that they are overcoming Powell’s perceived incompetence and will soon be better than ever before.
The president praised the recent US GDP figures as being better than anticipated, referring to them as “impressive.”
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