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DonViejo

(60,536 posts)
Fri Jun 14, 2019, 11:16 AM Jun 2019

EXCLUSIVE: Trump says of Fed Reserve chairman 'I've waited long enough'

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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mr_lebowski

(33,643 posts)
1. The man's ego knows no bounds ... nothing is so sacred he won't destroy it
Fri Jun 14, 2019, 11:24 AM
Jun 2019

In pursuit of his own glorification.

TIME TO IMPEACH THE MUFKR!!!

riversedge

(69,722 posts)
3. I agree--the perception that the Fed would be tainted if Powell lowered rates at Trumps demand is
Fri Jun 14, 2019, 11:43 AM
Jun 2019

a serious concern at this point. damn--just a whiff from Trump and one dies!!


.............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.I

Yavin4

(35,357 posts)
4. When you do not hold presidents accountable, they become authoritarians.
Fri Jun 14, 2019, 11:44 AM
Jun 2019

No one has held him accountable for anything.

FakeNoose

(32,351 posts)
5. It's just further proof that Chump has no understanding whatsoever
Fri Jun 14, 2019, 11:56 AM
Jun 2019

... of how our system works and what his role is. He's always looking to mess things up anyway he can.



duforsure

(11,882 posts)
7. Trumps debt
Fri Jun 14, 2019, 12:45 PM
Jun 2019

Is probably behind the bully tactics keeping his loans payments lower because he's so deeply in debt. Plus he may want to drive the deficit higher to then claim bankruptcy and to stiff China.

Firestorm49

(4,002 posts)
8. "Politically Independent Federal Reserve." Politically independent DOJ??? We all know how that went.
Fri Jun 14, 2019, 01:08 PM
Jun 2019

The Fed has held it's ground so far. The question is; Why is he so adamant about running the Fed? What's his motivation?
You damn well know it's not for the betterment of the country. Nothing that this con man does is for any better good than his own.

jmowreader

(50,451 posts)
10. These are my thoughts...
Sat Jun 15, 2019, 05:05 AM
Jun 2019

Donald Trump owes too much money to the wrong people. The only way they're going to get it back is to let Trump manipulate the markets.

SkyDaddy7

(6,045 posts)
11. Trump is grasping at straws!!
Sat Jun 15, 2019, 08:00 AM
Jun 2019

Trump thinks his magical tax cuts should have the economy growing at unprecedented rates & since thats not happening Trump is doing what he always does BLAMING OTHER PEOPLE!!! ...And trying to bullying the FED Chair to lower rates to get a fake boost or probably try & stop or slow the bad economic wave coming prior to the 2020 election!

...This is all about the election!!

JohnnyRingo

(18,581 posts)
9. Trump doesn't understand how the Fed throttles inflation.
Fri Jun 14, 2019, 11:28 PM
Jun 2019

All he knows is "keep cutting those interest rates" and the economy will soar. Soon we'd all go shopping with a bag full of dollars. Dump the bag out at the register and replace with groceries.

...I know that and I'm not nearly qualified for his job.

oldsoftie

(12,410 posts)
12. Rates are NOT too high. I'd leave them in place though; no more raises.
Sat Jun 15, 2019, 08:15 AM
Jun 2019

Thats rich.
Rates are NOT too high. I think the Fed HAS, in the past, raised rates too high too fast. But i think this time its pretty much in the right place. People arent buying houses because they're too damn high priced. A 1/4 or 1/2 point wont make them that much more affordable.

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