Trump Says Powell’s Job Is Safe But Fed Should Lower Rates

Trump Says Powell’s Job Is Safe But Fed Should Lower Rates

Bloomberg  | Sep 19, 2019 07:53

Trump Says Powell’s Job Is Safe But Fed Should Lower Rates

(Bloomberg) -- President Donald Trump said Federal Reserve Chairman Jerome Powell’s job is safe despite his criticism that the central bank hasn’t cut interest rates enough.

“It’s safe. Yeah, it’s safe. Sure, why not?” Trump said in a taped interview with Fox News that was aired Thursday morning.

The Fed on Wednesday cut interest rates for the second time since July, but only by a quarter point, which Trump said wasn’t enough given that other central banks have cut rates more dramatically.

“I’m very disappointed in him,” Trump said in Fox interview. “I don’t think he knows how to play the game well.”

The president has repeatedly attacked the Fed since mid-2018, demanding lower rates to help boost economic growth. At one point he asked whether Powell or China’s president, Xi Jinping, was “our bigger enemy.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Discussion
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (UK) English (India) English (Canada) English (Australia) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Polski Português (Portugal) Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 中文 香港 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Logout
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes

+