In an interview he gave to the Bloomberg agency, the candidate for president Donald Trump repeated that, if he wins the election, he intends to reduce the tax rate for companies to 15%.
Donald Trump won’t try to oust Federal Reserve Chairman Jerome Powell before his term ends, and is considering giving JPMorgan CEO Jamie Dimon the Treasury if he wins the election on November 5, the Republican candidate said in an interview he gave to the Bloomberg news agency last month and was broadcast on Tuesday.
The interview was granted in late June, the agency said.
Mr. Powell’s term ends in 2026, and he has repeatedly said he intends to see it through. His seat on the Fed’s board will end in 2028.
Mr. Powell, originally Barack Obama’s choice, was named head of the US central bank by Mr. Trump and took over in early 2018, but the former president quickly turned against him, succeeding in opposing the hikes in key interest rates that he decided. He wanted to dismiss him, but concluded that he couldn’t. However, he continued to criticize him systematically.
For its part, JP Morgan management declined to comment. As before, the tycoon also succeeded against Mr. Dimon. She called him an “overrated globalist” last year via Truth Social.
Mr. Trump demanded in the interview that the Fed not cut interest rates before the election. Mr. Powell, repeatedly asked recently whether the election will weigh on the Federal Reserve’s monetary policy decisions, countered that they are not affected by the political climate.
Although Jamie Dimon strongly condemned the bloody attack by supporters of Donald Trump on the federal Capitol on January 6, 2021, he recently praised some of his policies and positions. “He was more or less right about NATO, right about immigration. It boosted the economy. His tax reforms worked. He was partly right about China. He was not wrong on any of these critical issues,” Mr. Dimon told CNBC earlier this year.
In his interview with Bloomberg, the American right-wing candidate also said that he intends to reduce the corporate tax rate to 15%.
Referring to China, he said he intended to proceed with the imposition of tariffs of 60 to 100% on various products. He also said he would consider imposing 10 percent tariffs on other countries that don’t buy enough American goods.
Source: Skai
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