Washington – President Donald Trump says he thinks the Federal Reserve’s policies are a greater threat to U.S. economic growth than a burgeoning trade war with China.
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Trump told The Washington Post on Tuesday: “I think the Fed is a much bigger problem than China.”
Trump adds that he is “not even a little bit happy” with Fed Chairman Jay Powell, whom he selected last year.
The Fed has raised interest rates steadily under Powell’s leadership as the central bank has tried to balance promoting maximum employment with controlling inflation. Those decisions have drawn rebukes from Trump, who wants the Fed to focus on economic growth.
Trump says: “They’re making a mistake because I have a gut, and my gut tells me more sometimes than anybody else’s brain can ever tell me.”
Bigger than China? Is it bigger than the Fake Press? b”h he has a new korben. Maybe he will leave the Press alone for a while.
How many times did the fed rase rates under Obama? I thought so.
Remember, Trump is the man who in 2016 said he knows more about Afghanistan than do the Generals. A more full of himself, egotistical, know it all buffoon would be hard to imagine. It’s embarrassing.
[Hey Archy, this time it really is Yoni…no wonder you admire Trump so much…the full of himself, egotistical, know it all part must feel familiar to you ;-)]
His appointee. Also, if the Fed didn’t do this, inflation would have shot up eventually.
He has a gut where he should have brains along with his already huge gut in his belly.