UP President Trump spoke in a TV interview on Sunday.
Trump reiterated he has the right to demote Powell but never threatened to do so
- “I have the right to do that, but I haven’t said that.”
Says the Fed has jacked up rates too quickly:
- “I had somebody that raised the rates very rapidly — too much. He made a mistake, that’s been proven.“
This comes after last week the Fed kept rates and hold and Powell emphasises Fed independence from the politicians:
- It should be noted that Fed Chair Powell gave the middle finger to Trump
