Trump states that he will not dismiss the president of the Federal Reserve, Jerome Powell, and that he hopes to reach an agreement with Beijing to reduce tariffs to Chinese products

The president of the United States, Donald Trump, said Tuesday that he does not plan to dismiss the president of the Federal Reserve, Jerome Powell, although he reiterated his call for the country’s central bank to reduce interest rates.

President Donald Trump: “The press rushes with things. But I have no intention of fire.

Trump’s statement occurred one day after Powell mocked on social networks and wrote: “There may be a deceleration of the economy, unless the Lord too late, a great loser, lowers interest rates, NOW”The comment of the US president unleashed panic among investors, which caused a strong drop in the US dollar and in the actions of Wall Street. Meanwhile, Trump said he hopes to reach an agreement with China to significantly reduce US tariffs to imports of Chinese products, compared to the 145% rate he announced at the beginning of this month. American warned that the reduction will not imply eliminating tariffs.