Donald Trump says 'my biggest threat is the Fed'

17 Octobre, 2018, 09:21 | Auteur: Auguste Feret

Trump spoke during a Tuesday interview with "Trish Regan Primetime" on Fox Business Network. "There's a couple of other people there that I'm not so happy with, too, but for the most part, I'm very happy with people".

President Donald Trump is criticizing the Federal Reserve for raising interest rates too quickly.

U.S. presidents usually remain silent on such issues in respect toward the Fed's independence.

Trump has blamed the market's big sell-off on rising rates and has described the Fed as being "out of control".

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Trump has said he is not trying to oust Powell, whom he appointed to replace former Chair Janet Yellen.

"Can I be honest?"

Trump acknowledged that the central bank is independent, "so I don't speak to them", but then leveled direct criticism at Fed Chairman Jerome Powell, who he said should be slower on interest rate rises. "And maybe it's right, maybe it's wrong, but I put him there". But "I don't think the fact that he has publicly criticized the Fed, in any way shape or form, is going to impinge upon (its) independence", he told Reuters.

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