Trump blasts Powell and Xi as ‘enemies’ of U.S. as Fed fight, trade war heat up

“As usual, the Fed did NOTHING!” Trump tweeted after Powell's speech.

President Donald Trump on Friday slammed Federal Reserve Chairman Jerome Powell after a closely watched speech, asking if the central bank chief or China’s president was a bigger enemy of the United States.After Powell’s closely watched speech in Jackson Hole, Trump tweeted, “As usual, the Fed did NOTHING!”

After China announced more import tariffs on U.S. goods early Friday, Trump said he would respond Friday afternoon. The president also asked “who is our bigger enemy,” Powell or Chinese President Xi Jinping.Trump went on to say he had “ordered” American companies to begin looking for “an alternative to China, including bringing your companies HOME and making your products in the USA.”

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