EXCLUSIVE: Trump says of Fed Reserve chairman 'I've waited long enough' [View all]
Source: ABC News
By ANNE FLAHERTY
Jun 14, 2019, 8:30 AM ET
President Donald Trump slammed Federal Reserve Chairman Jerome Powell again this week, insisting that Powell’s actions have prevented the economy from soaring even higher and declaring he’s out of patience with the man he picked to lead the nation’s central bank.
His comments – during an exclusive interview with ABC News Chief Anchor George Stephanopolous – were among his strongest yet aimed at the politically independent Federal Reserve. They add weight to concerns that the president could try to oust the head of the Federal Reserve, even if he isn’t successful. Powell has said he wouldn’t resign if asked by Trump.
Speaking with ABC News Chief Anchor George Stephanopoulos in Council Bluffs, Iowa, on Tuesday, Trump said that the market would be stronger "if we had a different person in the Federal Reserve who wouldn’t have raised interest rates so much . . . ”
Trump’s repeated public criticism of the Federal Reserve potentially puts the chairman in an uncomfortable position. If Powell eventually does what Trump wants -- even if he makes that decision independently without factoring in the president’s opinion – the board could be perceived as biased or politically tainted.
Read more: https://abcnews.go.com/Politics/exclusive-trump-fed-reserve-chairman-ive-waited-long/story?id=63694021
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