President Donald Trump said he may choose to fire Jerome Hayden Powell, chairman of the Federal Reserve (FED), because he considers him a “complete jerk” for refusing to lower interest rates.

Despite the demand from the nation's president to cut interest rates, midweek, Powell announced that he will keep them unchanged, leaving them in the range of 4.25% and 4.50%.

So far, the inflation rate continues to be high for American consumers who also face higher prices due to the additional costs that certain companies are implementing to cope with the tariffs imposed by the government on imported products mainly from China, Mexico and Canada.

This has Donald Trump upset and although he was in charge of nominating Jerome Powell as head of the FED, on November 2, 2017, he is now considering removing him.

Through a message published on the Truth Social platform, the 79-year-old Republican expressed his discomfort at not being able to convince the financial expert to submit to his will and therefore, once again, opens the possibility of firing him.

"I fully understand that my strong criticism makes it difficult for him to do what he should be doing: lowering rates, but I've tried different ways. I've been nice, I've been neutral, and I've been nasty, and nice and neutral didn't work! I don't know why the Board doesn't overrule this complete jerk! Maybe, just maybe, I need to change my mind about firing him. But oh well, his term is up soon!” he wrote. In mid-April, Jerome Powell noted that the country's economy was losing momentum due to the tariffs announced by the government and that this could increase inflation as it is happening. "The tariffs are larger than we expected, even under our most bullish scenario. Inflation is likely to increase as the tariffs are implemented. So the effects of this situation will possibly take us further away from our objectives, which would also increase unemployment," he said during his participation in the Economic Club of Chicago.

At that time, this projection was not accepted by the head of the nation who described it as a disaster.