Trump agrees to reduce tariffs for British cars, steel and aluminum: Live updates

Trump criticized the chairman of the Federal Reserve Jerome Powell in the early Thursday, one day after Powell said that the Fed would keep it Its key interest rate unchanged For the third meeting in a row.

Nevertheless, Trump did not suggest that he would do it try to remove Powell as a chair. On Sunday he said he would have Powell served his term, which will last until next May.

Powell said on Wednesday that Trump's tariffs, if they exist at their current level, weaken the economy, increase inflation and increase unemployment. Powell emphasized that the FED is still in the “Warte-and-Lake” mode while evaluating the effects of the tariffs on the economy.

Trump said “almost all costs” have dropped, including food and eggs, and added that there is “practically no inflation”.

Consumer prices fell for the first time in almost five years in March. However, food costs rose by 0.5%from February to March. The Fed looks at inflation in chess when it falls to 2%. It was 2.4% in March.