Trump compared his handpicked Fed chairman to the communist leader of China, wondering aloud, which man “is our bigger enemy?”
President Donald Trump compared his handpicked Fed chairman to the communist leader of China on Friday, wondering aloud, which man “is our bigger enemy?”
The president’s fury and explosive comparison came after Powell did not explicitly forecast that the central bank would start a campaign of aggressive interest rate cuts and as China announced another round of tariffs against $75 billion in U.S. goods. The president has battered his Fed chairman relentlessly as Trump’s trade war threatens to upend the global economy, recently calling on Powell to slash interest rates by as many as 100 basis points.
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