Trump Says He Has No Regrets Over Appointing Fed Chair Powell

President Donald Trump said he doesn’t regret appointing Jerome Powell as Federal Reserve chairman, even after criticizing interest rate increases by the central bank. “I put a man in there who I like and respect,” Trump said Thursday in an interview with Bloomberg News in the Oval Office. Trump said at a private Republican fundraiser earlier this month that he had expected Powell to favor low interest rates. On Twitter and in interviews, the president has criticized recent interest rate hikes, saying he is “not thrilled” with monetary tightening. Trump also says the Fed should help him in his trade disputes with China, the EU and other nations, asserting that other central banks are assisting their countries. His comments break with more than two decades of precedent that presidents avoid commenting on monetary policy out of respect for the Fed’s independence. Read more @ https://www.bloombergquint.com/politics/2018/08/30/trump-says-he-has-no-regrets-over-appointing-fed-chair-powell#gs.6u=ihUo

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