President Trump slams Fed chief: 'Who is our biggest enemy, Jay Powell or Chairman Xi?'
in a pair of tweets, slamming Jay Powell as an “enemy” who could pose a bigger risk to the U.S. than Chinese President Xi Jinping.
“As usual, the Fed did NOTHING! It is incredible that they can ‘speak’ without knowing or asking what I am doing, which will be announced shortly,” Trump tweeted. “We have a very strong dollar and a very weak Fed. I will work ‘brilliantly’ with both, and the U.S. will do great.” Trump added: “My only question is, who is our biggest enemy, Jay Powell or Chairman Xi?” referring to the Chinese leader. Trump misspelled Powell's name in an initial tweet, before correcting it.
As usual, the Fed did NOTHING! It is incredible that they can “speak” without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work “brilliantly” with both, and the U.S. will do great...The tweets came after Powell, whom Trump picked for the role of Federal Reserve chairman last year, spoke at a highly anticipated conference in Wyoming, where he pledged to help maintain a growing economy while also saying that U.S.
“While monetary policy is a powerful tool that works to support consumer spending, business investment, and public confidence, it cannot provide a settled rulebook for international trade,” Powell said, according to his prepared remarks. “We can, however, try to look through what may be passing events, focus on how trade developments are affecting the outlook, and adjust policy to promote our objectives.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump tweets: 'Who is our bigger enemy,' Fed Chairman Powell or Chinese President Xi?President Donald Trump on Friday again ripped into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.
Read more »
Powell says Fed will 'act as appropriate' but offers little more guidanceThe U.S. economy is in a 'favorable place' and the Federal Reserve wil...
Read more »
Powell: No 'rulebook' on trade, pledges the Fed will 'act as appropriate' to sustain the economyPowell repeated his pledge Friday to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.
Read more »
Powell Says Fed Prepared to Provide Stimulus if a Slowdown Hits U.S. EconomyFederal Reserve Chairman Jerome Powell said the central bank was prepared to provide more stimulus if a global economic slowdown, aggravated in recent weeks by geopolitical events and trade policy uncertainty, hurts the U.S. economy.
Read more »
Asia set to open near flat ahead of major speech from Fed Chair PowellFed Chair Jerome Powell is set to deliver a speech at a yearly central banking symposium in Jackson Hole, Wyoming.
Read more »