Trump Expresses Confidence In Fed Chairman Powell

Trump Expresses confidence in Fed chairman Powell but Remains Critical. The American president Donald Trump has shown his confidence in the Federal Reserve and Chairman Jerome Powell.

 

Trump did so in response to earlier news that he was considering dismissing the boss of the central bank.

He remains of the opinion that the Fed raises interest rates too quickly.

“I think it will be straightened again, and they raise interest rates so quickly because they believe it’s good for the economy,

 but I think they’ll get it pretty quickly,” the president told the White House on Tuesday.

Insiders told press Office Blast week that the president had discussed the dismissal of Powell,

 but ended that this measure does not lie within his powers.

It appeared from Twitter messages from Minister of Finance Steven Mnuchin.