President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader's "termination cannot come fast enough.맥스카지노�Trump hinted at moving to fire Powell, whose term does not expire until next year. The president's broadside comes a day after Powell said in a speech that Trump's broad-based tariffs have left the Federal Reserve seeking "greater clarity맥스카지노� on the impact of policy changes in areas such as immigration, taxation, regulation and tariffs before making the move on interest rates.맥스카지노�Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS,맥스카지노� Trump said in a social media post.Referring to the European Central Bank, he added that Powell 맥스카지노�should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell맥스카지노�s termination cannot come fast enough!맥스카지노�The European Central Bank on Thursday lowered its key interest rate from 2.5% to 2.25%.Powell was initially nominated by Trump in 2017, and he was appointed to another four-year term by President Joe Biden in 2022. At a November news conference, Powell indicated he would not step down if Trump asked him to resign.He has also said that the removal or demotion of top Fed officials was 맥스카지노�not permitted under the law.맥스카지노�Powell started Trump맥스카지노�s second term in a relatively secure spot with a low unemployment rate and inflation progressing closer to the Fed맥스카지노�s 2% target, conditions that could have spared the U.S. central banker from the president맥스카지노�s anger.But Trump맥스카지노�s tariffs have increased the threat of a recession with both higher inflationary pressures and slower growth, a tough spot for Powell, whose mandate is to stabilize prices and maximize employment. With the economy weakening because of Trump맥스카지노�s choices, the president appears to be looking to pin the blame on Powell.Powell, in his remarks at the Economic Club of Chicago on Wednesday, said the Fed will base its decisions solely on what is best for all Americans.맥스카지노�That맥스카지노�s the only thing we맥스카지노�re ever going to do," Powell said. 맥스카지노�We맥스카지노�re never going to be influenced by any political pressure. People can say whatever they want. That맥스카지노�s fine, that맥스카지노�s not a problem. But we will do what we do strictly without consideration of political or any other extraneous factors.맥스카지노�맥스카지노�Our independence is a matter of law," Powell continued. "We맥스카지노�re not removable except for cause. We serve very long terms, seemingly endless terms. So we맥스카지노�re protected into law. Congress could change that law, but I don맥스카지노�t think there맥스카지노�s any danger of that. Fed independence has pretty broad support across both political parties and in both sides of the Hill.맥스카지노�___AP journalist Sagar Meghani contributed reporting.