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Trump: If Fed President Wants to Resign "I Wouldn't Stop It"



President Trump Donald John Trump The Hill Campaign Report: The Democratic Field Shrinks Before the Critical Turn. To avoid the recession, Trump has to keep his mouth and smartphone shut Trump: "Who is our bigger enemy," Fed chief or Chinese leader? MORE on Friday said it would not discourage Federal Reserve Chairman Jerome Powell from resigning if he wanted, limiting a day in which he unleashed intense criticism of the central bank leader, calling him an "enemy".

"Do I want him to resign? Let me put it this way: If he did, I would not stop him," Trump told reporters as he left the White House for the G7 summit in France adding

"I don't think he's very much a chess player. But I have it, "he said.

The president has repeatedly demanded lower interest rates than the Fed and accused Powell of holding back the US economy with his leadership of the central bank.

His feud with Powell reached new heights on Friday after the Fed chairman warned that the central bank was not responsible for resolving Trump-led trade disputes.

Trump snapped back on Twitter that Powell, whom he appointed to lead the Fed in 201

7, could be a bigger threat to the US than Chinese President Xi Jinping.

The president has previously claimed that he has the power to fire Powell, although experts have questioned this claim.


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