Trump to Fed Chairman Powell: 'I Guess I'm Stuck With You'

[Yo_Mama_Been_Loggin]

WASHINGTON—President Trump is blaming the Federal Reserve for holding back the economy and stock market despite the central bank’s recent decision to do two things he wanted—halt rate increases and stop shrinking its asset portfolio.

The president blasted the Fed and Chairman Jerome Powell at three meetings in the past week alone, telling Republican senators, supporters and staffers that if it wasn’t for the central bank’s past rate increases, economic output and stocks would be higher and the U.S. budget deficit would be rising less.

He was pretty rough,” said one person who directly heard the comments at one of the meetings. Mr. Trump also blamed Treasury Secretary Steven Mnuchin for recommending Mr. Powell for the top Fed job. “Mnuchin gave me this guy,” Mr. Trump said.

Mr. Trump recalled a recent phone conversation he had with Mr. Powell, this person said. “I guess I’m stuck with you,” the president recalled telling Mr. Powell. The Fed chief took a brief phone call from Mr. Trump on March 8, a Fed spokeswoman said when asked about the conversation, declining to elaborate further. The phone conversation hasn’t previously been reported.

https://www.msn.com/en-us/money/markets/trump-to-fed-chairman-powell-i-guess-im-stuck-with-you/ar-BBVxY4k?li=BBnbfcN

As I've stated many times before the last president who fucked with the Fed was Nixon. The result was double digit inflation.

I don't want some idiot with multiple bankruptcies messing with the economy.

[riverine]

1. Trump appointed Powell, of course.

It was a surprisingly good pick because the Con Man didn't know what he wanted in a Fed Chair at the time.

Today he would pick some Fox News lackey like Steven Moore.

[dixiegrrrrl]

2. We are getting a good look at why everythng he touches turns to shit.

Has zero ability to play well with others.

[monmouth4]

3. Wharton must be so embarrassed. n/t

[marylandblue]

4. We are stuck with Trump, so it's only fair.

[unblock]

5. so far, powell has been doing the right things, imho.

i really don't think the economy can handle any more rate increases.

with the yield curve inverted, any further rate increases would really be stupid.

we're probably headed for a recession anyway, but increasing rates now would only guarantee it and make it come faster.