- 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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