Trump rips Federal Reserve Chairman Jerome Powell, saying he shouldn't have raised rates and he's 'trying to prove how tough he is'
Powell"should've never raised the rates," Trump said, claiming that his hand-picked Fed chair is"trying to prove how tough he is.""He's trying to prove how tough he is 'cause he's not going to get pushed around," Trump said, adding,"Nobody ever heard of him before."Powell, he said, is"not doing a good job."Powell on Tuesday hailed the independence of central banks.
Read More"Congress chose to insulate the Fed this way because it had seen the damage that often arises when policy bends to short-term political interests," Powell said at the New York at the Council on Foreign Relations.Trump repeated Wednesday that he has the right to demote Powell or fire but wouldn't say whether he would."I have the right to demote him, I have the right to fire him," he said.
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