Jerome Powell was Trump's nominee to the Fed Chair position during his first term, which Trump claims was a horrible mistake forced on him by some very bad people.
And Donald Trump had more to tell reporters today at the White House . . .
"So we have a stupid person, frankly, at the Fed, he probably won’t cut today. Europe had 10 cuts, and we had none.
And I guess he’s a political guy. I don’t know.
He’s a political guy who’s not a smart person, but he’s costing the country a fortune.
Maybe I should go to the Fed. Am I allowed to appoint myself, Doug? I don’t know.
Am I allowed to appoint myself at the Fed? I do a much better job than these people.” Donald Trump told reporters today.
So anyway, we should be two points lower. It would be nice to be two and a half points lower.
And by the way, if he's worried about inflation, that's okay. I understand that. I don't think there's going to be any.
So far, there hasn't. But now we have a man that just refuses to lower the Fed rate, just refuses to do it.
And he's not a smart person. I don't even think he's that political.
I think Powell hates me, but that's okay. You know, he should." |
