President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve's interest rate policies even though he knows he has made Chairman Jerome Powell's job more difficult. Trump told ABC News in an interview released Friday that he thinks economic growth and stock
WASHINGTON — President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve's interest rate policies even though he knows he has made Chairman Jerome Powell's job more difficult.
The Fed has long sought to operate free of political influence to maintain its credibility as the world's leading central bank. Powell, whom Trump elevated to chairman, has said before that he wouldn't resign despite pressure from Trump. "I'm gonna do it anyway because I've waited long enough," Trump said."If he did the interest rate increases half as much, if he didn't do tightening," the economy would be growing faster and the stock market would be higher.
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