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EXCLUSIVE: Trump says he has the power to remove the Fed Chairman, "if I wanted"



President Tramp Donald John Trumpconowean defends himself from hacking accusations against the threat of subpoena How to defuse tension in the Persian Gulf and avoid war with Iran Trump says the "stubborn child" Fed has blew up by not lowering interest Bole on Monday said he has the right to fire Federal Reserve Chairman Jerome Powell who said he does not intend to do so

In an exclusive interview for The Hill Trump said that Powell is "wrong" that he has the right to serve four

Asked to and thinks he has the power to remove Powell, Trump said, "If I wanted to, but I do not have plans to do anything."

The president has questioned this statement. "The president furiously criticized Powell's rule at the central bank, accusing him, that he hindered economic growth by raising interest rates, and his constant criticism shook Fed observers, who had to be non-party. interest rates nine times in 201

5, seven in 2017, including four times under Powell, who took the post in 2018 after being nominated by Trump.

"You have to understand that we are competing with other parts of the world and they are manipulators," Trump said, "They manipulate their currency. And I do not want to do it, but I want to be treated fairly. And we have to be given a level playing field. "

Trump reiterated his claim that Powell refrained from raising interest rates and using quantitative tightening, gross domestic product and stock market would exceed their current values, calling the Federal Reserve" barrier "to improve economic performance

Asked if he thinks Powell was sabotaging him, Trump said he did not think that was the case.

" I do not think he knows, "Trump said. that he understands. He does not understand it. "

Bret Samuels contributed


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