WASHINGTON: President Donald Trump said on Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, but said he wants interest rates to be lower, remarks that could defuse tensions over the central bank chief’s future that have rattled investors.
“I have no intention of firing him,” Trump told reporters in the Oval Office on Tuesday. “I would like to see him be a little more active in terms of his idea to lower interest rates,” he added.
Trump’s statement was the first de-escalation after days of withering criticisms he has lobbed at Powell for not further cutting interest rates since Trump resumed office in January.
The broadsides were often accompanied by threatening remarks, such as last week’s social media posting that Powell’s termination as Fed chair “cannot come fast enough,” that spooked financial markets that view the Fed’s independence as underpinning its credibility on the global financial stage.
But while he seems to have set aside those threats for now, his criticisms of Fed rate policy remain just as pointed.
“We think that it’s a perfect time to lower the rate, and we’d like to see our chairman be early or on time, as opposed to late,” Trump said.
Trump: No plans to fire Fed Chair Powell, but wants lower rates
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Trump: No plans to fire Fed Chair Powell, but wants lower rates
- “I have no intention of firing him,” Trump told reporters in the Oval Office on Tuesday
Julio Iglesias calls sexual abuse allegations against him ‘absolutely untrue’
- “I deny having abused, coerced or disrespected any woman. These accusations are absolutely false and cause me great sadness,” Iglesias said
- A Spanish high court received formal allegations against Iglesias on Jan. 5, officials said
MADRID: Grammy-winning singer Julio Iglesias on Friday denied allegations that he sexually assaulted two former employees, calling the accusations “absolutely untrue.”
Media reports from earlier this week alleged Iglesias had sexually and physically assaulted two women who worked at his residences in the Dominican Republic and the Bahamas between January and October 2021. A day later, Spanish prosecutors said they were studying the allegations.
“With deep sorrow, I respond to the accusations made by two people who previously worked at my home. I deny having abused, coerced or disrespected any woman. These accusations are absolutely false and cause me great sadness,” Iglesias said on Instagram.
Spanish news outlet elDiario.es and US television network Univision Noticias published the joint, three-year investigation on Jan. 13 into Iglesias’ alleged misconduct.
A Spanish high court received formal allegations against Iglesias on Jan. 5, officials said. Iglesias could potentially be taken in front of the Madrid-based court, which can try alleged crimes by Spanish citizens while they are abroad, according to its press office.
A rights group representing the two women said they were accusing Iglesias of “crimes against sexual freedom and indemnity such as sexual harassment” and of “human trafficking for the purpose of forced labor and servitude.” Women’s Link Worldwide said the two women had presented the complaint to the Spanish court.
The 82-year-old is one of the world’s most successful musical artists, having sold more than 300 million records in more than a dozen languages. After making his start in Spain, Iglesias won immense popularity in the US and wider world in the 1970s and 1980s. He is the father of pop singer Enrique Iglesias.
In 1988, he won a Grammy for Best Latin Pop Performance for his album “Un Hombre Solo.” He also received a Lifetime Achievement Award at the Grammys in 2019.
“I had never experienced such malice, but I still have the strength for people to know the full truth and to defend my dignity against such a serious affront,” Iglesias wrote on social media.
He thanked those who had sent messages of support.
