President Trump told Reuters on Monday he's "not thrilled" with Federal Reserve Chairman Jerome Powell raising interest rates.
Trump nominated Powell last year to replace former Fed Chair Janet Yellen. "Am I happy with my choice?" he said. "I'll let you know in seven years." It's rare for presidents to criticize the Fed, as its independence is crucial for economic stability, and when asked by Reuters if he believes in its independence, Trump replied, "I believe in the Fed doing what's good for the country."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The best homes of the yearFeature Featuring a grand turret entrance in New York and built-in glass elevator in Arizona
-
Nordstrom family, investor to take retail chain privateSpeed Read The business will be acquired by members of the family and El Puerto de Liverpool, a Mexican real estate company
-
Biden commutes most federal death sentencesSpeed Read The president downgraded the punishment of 37 of 40 prisoners on death row to life in prison without parole
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
-
US charges Indian tycoon with bribery, fraudSpeed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
