President Trump on Twitter Friday evening denied a Wall Street Journal report that he is dissatisfied with Treasury Secretary Steven Mnuchin:
The Journal story, published earlier that day, said Trump is displeased with Mnuchin for recommending Federal Reserve Chair Jerome Powell, who has raised interest rates against Trump's wishes. The president has publicly expressed concern that higher interest rates will slow economic growth — and hurt his own political fortunes.
"To me the Fed is the biggest risk, because I think interest rates are being raised too quickly," he said in October. "And Obama — remember this, it's very important — Obama had zero interest [while in office]. ... I'm just saying this: I'm very unhappy with the Fed because Obama had zero interest rates."
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