Trump makes Fed chief economic punching bag
Trump has turned his hand-picked Federal Reserve chairman into a political punching bag as dark clouds close in on the U.S. economy.
Trump has blamed Fed Chairman Jerome Powell for a series of economic setbacks, pinning a stock market slide and impending layoffs at General Motors on the central bank’s interest rate hikes.
While the U.S. still enjoys unemployment near record lows and solid economic growth, economists and policymakers are bracing for a slowdown or recession due before the next presidential election.
If those fears materialize, Trump has set Powell up to potentially take the fall as the Fed attempts to weave a careful path forward amid economic uncertainty.
https://thehill.com/policy/finance/418813-trump-makes-fed-chief-economic-punching-bag?userid=229233
Nixon tried to fuck with the fed. The result was double digit inflation.
