WASHINGTON (AP) — President Donald Trump says he thinks the Federal Reserve’s policies are a greater threat to U.S. economic growth than a burgeoning trade war with China.
Trump told The Washington Post on Tuesday: “I think the Fed is a much bigger problem than China.”
Trump adds that he is “not even a little bit happy” with Fed Chairman Jay Powell, whom he selected last year.
The Fed has raised interest rates steadily under Powell’s leadership as the central bank has tried to balance promoting maximum employment with controlling inflation.
Those decisions have drawn rebukes from Trump, who wants the Fed to focus on economic growth.
Trump says: “They’re making a mistake because I have a gut, and my gut tells me more sometimes than anybody else’s brain can ever tell me.”
At least you got that right; you dumb fat fuck.
Janet Yellen smiles somewhere…(she would probably do the same as Jerome Powell).
Donald wants some inflation - and fast,basta !
Translation: Not my fault that my trade war screwed the economy. The Big Macs churning through my gut tell me these things.
See: also, too, Wrong Way Corrigan.
Either he’s trolling us or we’re in the shit, getting deeper every minute.
That was always the thing, the tax cut is a sugar high, everyone knew (but for Trump’s gut I guess) the fed would have to control things through interest policy