According to foreign media reports, White House Trade Advisor Peter Navarro stated at the 'Politico' Economic Summit held in Washington that Federal Reserve Chairman Jerome Powell is the 'worst in history.' He mentioned that if the nomination of Walsh as the next Federal Reserve Chairman is confirmed by the Senate, Powell remaining as a Federal Reserve Governor would contradict recent precedents.He indicated that no one wants the shadow of a former Federal Reserve Chairman to loom over the leadership of the current chairman. Such a situation is absolutely detrimental, as Powell's attitude is poor. He criticized Powell for misunderstanding Trump's economics and harboring hostility towards Trump.Related NewsUS Feb Retail Sales MoM +0.6%, Above Previous -0.2% and Forecast +0.5%He also stated that Trump still plans to raise the current series of global tariffs to 15%, and said that this matter is at least in progress. He described the existing trade agreements as 'tailor-made' and hinted that as the US reinstates tariffs previously revoked by the courts, including those imposed based on national security considerations and to combat unfair trade practices, there may still be adjustments to the trade agreements. (fc/w)
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