President Donald Trump, left, and Jerome Powell, governor of the US Federal Reserve and Trump's candidate for Federal Reserve Chairman, go to a White House Rose Garden nomination in Washington, USA Thursday, November 2, 2017.  Saul Loeb AFP |
President Donald Trump said he never threatened to destroy Federal Reserve Chairman Jerome Powell, although he claims he has the power to do so.
"I never threatened to lower it," Trump said. interview with NBC "Meet the Press" broadcast on Sunday. "I could do it if I wanted to, but I did not offer it."
Trump criticized the Federal Reserve for raising interest rates, saying President Powell had made a mistake. "Obama had a man who kept the low levels," Trump said. "I had someone who raised interest very quickly ̵
The Federal Reserve maintained stable interest rates on Wednesday, indicating that there will be no reduction in 2019. The central bank predicts one to two possible interest cuts in 2020
When asked Tuesday if Trump said : "Let's see what he does."
Bloomberg said that in February, Trump thought he had destroyed Powell, but the White House's economic advisor, Larry Kudlow, said the president is currently not considering such a move.
"This is a six-month story," he told reporters. "It is said that this happened six months ago and it is not happening today and that's why I have nothing to say about it, that's what it is."
Powell was asked to be blank at a press conference after the Fed's meeting Wednesday on how he responded if Trump said he wanted to downplay him.
"I think the law is clear that I have a four-year mandate and I intend to serve it," Powell said. The Federal Reserve has raised interest rates 7 times since Trump took office and initially pointed out two more interest rates in 2019. The central bank turned and took a tangible position after its march.
Trump has repeatedly argued that the stock exchange would be higher and economic growth would be faster if the Federal Reserve had not raised interest rates.
In the same interview for "Get to know the press," Trump is asked if he believes FED policy would jeopardize his chances of re-election.
"I think the economy is so strong that we will break it," the president said. "But I'm not happy with his actions, I do not think he's done a good job."