During a portion of an interview with the Fox Business Network set to air on Tuesday’s “Trish Regan Primetime,” President Trump said the Federal Reserve is his “biggest threat” because the Federal Reserve is raising interest rates too quickly, a
Critics of the Trump administration’s tariffs have described them as “taxes on consumers.” So far, however, there is little sign the consumer prices are rising because of tariffs.
Report: Trump ‘Not Thrilled’ with Fed Chairman Powell Over Rate Hikes
“I don’t necessarily agree with it, because he’s raising interest rates … I don’t necessarily agree with it, and I must tell you I don’t, I’m not thrilled,” Trump said.
“The administration has said it is going for broadly lower tariffs, if that happens, that’s good,” Powell said.
The economy is doing so well that a bit of trade friction would not be bad. If it ever develops into a drag on the economy, it will simply balance out the boom created by the rise in confidence and the fall in taxes.
Federal Reserve chairman Jerome Powell wants to make America’s central bank easier to understand and more open to the public.
Fed policymakers on Wednesday announced an increase in federal funds rate target to a range of 1.50 percent to 1.75 percent.
“My personal outlook for the economy has strengthened since December,” Powell said. “I would expect the next two years on the current path to be good years for the economy.”
The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, setting a target range of 1.25% to 1.5%.
Federal Reserve nominee Jerome Powell got into a heated debate over bank regulation with Senator Elizabeth Warren Tuesday.
President Donald Trump nominated Federal Reserve board member Jerome “Jay” Powell Thursday as the next chairman of the central bank.
Powell is an establishment Republican who supports the president’s dergulatory agenda and takes a dovish position on monetary policy.
President Donald Trump is leaning toward appointing both Standford University economist John Taylor and former investment Jerome “Jay” Powell to top positions at the Federal Reserve, according to people familiar with the president’s thinking.
Odds of a Yellen reappointment fade as Trump tells Fox Business he is leaning toward naming Jerome Powell to lead Fed.
