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The Fed chairman "seems almost happy to raise interest rates," said the president. He also told the newspaper that it was "too early to say, but perhaps" that he regretted having appointed Powell to the post.
Michelle Smith, a spokeswoman for the Fed, declined to comment on Trump's remarks on Tuesday.
For decades, presidents have refrained from commenting on the Fed, a position taken to avoid compromising its independence and credibility with financial markets.
But the president recently expressed his frustration at the Fed's gradual interest rate hikes, designed to slow the economy and prevent inflation from taking off – classic macroeconomic measures that, Trump insists, insist on reducing its expansionary fiscal measures.
Obama Comparison
Trump complained Tuesday to the newspaper that former President Barack Obama – who took office at the height of the recession for decades – is not coping with the burden of rising wages. interest rate.
"I'm just saying this: I am very unhappy with the Fed because Obama had no interest rates," Trump told the newspaper.
As for other staff changes, the president asked the Fed to choose a reality show, asking Fox presenter Lou Dobbs to share his recommendation with him in a television interview. (Dobbs approved Yellen.)
Yellen says Fed criticism is not good
Economists have generally attributed Powell a high score for its performance, saying the Fed was acting wisely by gradually returning monetary policy to normal levels after the worst recession of the past 75 years.
The central bank is trying to calm the economy to the hottest after the tax cuts and soaring expenses fueled by Washington 's debt. Rate increases are also designed to support the economy in the next economic downturn. This is particularly important because the federal government's growing budget deficit could make borrowing more difficult to fight the recession.
Yellen defended his performance at a mortgage bankers conference in Washington last week and suggested that Trump should back down.
"I really think it's not advisable for a president to comment so explicitly on Fed policy," she said. "Obviously, the chairpersons can speak out if they want to and give their opinion on the policy to be followed.There is no law against that, but I do not think it's wise and I think the Fed has a solid reputation for acting independently and non-government politically, and I would not want to see that reputation damaged. "
When asked about CNBC when he thought the chair should be weighted, Mr. Cohn replied, "I do not think he should comment on a federal agency." "
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