President Trump escalated his attacks on Federal Reserve Chair Jerome Powell, whom Trump appointed, in a tweet that labeled Powell as an “enemy” in his ongoing trade war.
….My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?
— Donald J. Trump (@realDonaldTrump) August 23, 2019
Trump’s tweet came after Powell made remarks suggesting that the Federal Reserve was limited in its ability to counteract the effects of Trump’s trade actions.
“While monetary policy is a powerful tool that works to support consumer spending, business investment, and public confidence, it cannot provide a settled rule book for international trade,” Powell said, speaking at a symposium in Jackson, Wyoming, according to the New York Times.
For months, Trump has called on Powell to cut interest rates — a pressure campaign that has blown past the norms of independence for the Federal Reserve.
In his remarks Friday, Powell suggested that future rate cuts are still on the table, but gave no clear indications of when they could happen.
Trump continued to defend his trade policy on Twitter. He also ordered that companies stop doing business with China.
….your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,….
— Donald J. Trump (@realDonaldTrump) August 23, 2019
His tirade comes as the White House has reportedly grown internally anxious about the potential for a recession.
Very stable, very normal. Extremely big brain (and large).
Trump
“I will work “brilliantly” with both, and the U.S. will do great…”
“enemy”?
I thought tRump said he needed an enema, but it’s early in the day.
The chairman of the Federal Reserve board is an “enemy” says the President of the United States? An enemy of whom, pray tell? Perhaps, I don’t know, an enemy of the people?
This is entirely normal. The President says things, such as “the moon is part of mars,” or “the Fed chair is an enemy,” or “I am god,” and reporters report what he says. “Critics” often object, so the reporters tell us. All entirely normal. Get back to your shopping now, please.
Hard to know what to say anymore.