Trump fired a new warning shot at the Fed over rising interest rates

donald trump jerome powell

  • President Donald Trump accused Federal Reserve Chairman Jerome Powell of getting joy out of raising interest rates in an interview with The Wall Street Journal published on Tuesday.
  • Trump has made clear he sees rising interest rates as a threat to the broader US economy.
  • When asked whether he regrets nominating Powell to chair the Federal Reserve, Trump said it’s “too early to say, but maybe.”
  • Historically, presidents are expected to avoid publicly criticizing the Fed to avoid the appearance of inappropriately influencing monetary policy.

President Donald Trump on Tuesday accused Federal Reserve Chairman Jerome Powell of getting joy out of raising interest rates in an interview with The Wall Street Journal published on Tuesday.

“Every time we do something great, he raises the interest rates,” Trump said, adding that Powell, “almost looks like he’s happy raising interest rates.”

See the rest of the story at Business Insider

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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