Trump calls for an immediate interest rate cut and threatens to sue Fed Chairman Powell.
He criticized Powell for being "too late" and accused him of causing serious policy delays. Trump also hinted at filing a major lawsuit regarding the alleged $3 billion overrun on the Fed building renovation project, stating that this cost should be $50 million. He mocked former Treasury Secretary Mnuchin, accusing him of recommending Powell. Nevertheless, Trump stated that the economy is strong enough to surpass the leadership of the Fed.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Trump calls for an immediate interest rate cut and threatens to sue Fed Chairman Powell.
He criticized Powell for being "too late" and accused him of causing serious policy delays.
Trump also hinted at filing a major lawsuit regarding the alleged $3 billion overrun on the Fed building renovation project, stating that this cost should be $50 million.
He mocked former Treasury Secretary Mnuchin, accusing him of recommending Powell.
Nevertheless, Trump stated that the economy is strong enough to surpass the leadership of the Fed.