Trump slams Powell, says he'll pick a Fed chair who wants to cut rates
From business-standard.com
President Donald Trump said he would choose a successor for Federal Reserve Chair Jerome Powell who wants to cut interest rates, a condition that would strike at the heart of the central bank’s independence. “If I think somebody’s going to keep the rates where they are or whatever, I’m not going to put them in. I’m going to put somebody that wants to cut rates. There are a lot of them out there,” Trump told reporters Friday. The president escalated his criticism of Powell over the Fed’s decision to keep interest rates steady. “I’d love him to resign if he wanted to,” Trump said. He called the central bank chief “a ...
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