President Donald Trump, asked whether he still wants to downgrade Federal Reserve Chairman Jerome Powell, told reporters on Tuesday, "Let's see what he is doing."
The president added that he wanted "a level playing field" from the central bank.
The Bloomberg News reported on Tuesday morning that the White House is looking at a drop in Powell in February. White House's best economic adviser Larry Kudlow told reporters that the Trump administration is currently not considering such a move.
The Federal Reserve will decide on interest rates on Wednesday at 1
Shares rose this month in part because investors expect the Fed to ease its monetary policy stance. The S & P 500, Dow Jones Industrial Average and Nasdaq Composite are more than 6% for June through the end of Tuesday. Merchants estimate more than 80% probability that the Fed will reduce interest rates next month, according to CME's FedWatch Group tool.
Trump has forced the Fed not to raise interest rates over the past days, claiming that relatively lower interest rates for the euro have been given to other countries over the United States
This line of attack is not new: Trump has declared the seven interest rates rises of the Fed in 2017 and 2018 – from almost zero levels after the financial crisis – keeps economic growth in the United States. On Tuesday morning, Trump attacks the European Central Bank President Mario Draghi for his comments, which show openness to more monetary stimuli in Europe, which could lower the value of the euro against the dollar.
The comments "immediately denied the euro against the dollar, which made it unfairly easier for them to compete with the United States, and they have been pulling out with this for years, along with China and others," Ed.
"If you look at the euro, they have a very different position than our people," Trump told reporters at the White House on Tuesday afternoon. "As you know, today they have done something that is very dramatic and, frankly, it has helped this part of the world."
"Trump speaks to reporters outside as he travels to Orlando, Florida, where he will officially announce his candidacy for re-election in 2020.
These are great news. Please check again for updates. Marc Rod and Jacob Pramuk have contributed to this report