Business > Economy

‘Who is our bigger enemy?': Trump lashes out, compares Fed chairman Powell to Chinese President Xi

5 monthes ago   |   By RT

President Donald Trump has lashed out at the Federal Reserve chairman, after Jay Powell refused to cut interest rates to Trump's liking, a move that would have given the president ammunition to escalate his trade war with China.
“As usual, the Fed did NOTHING!” Trump tweeted on Friday, after Powell announced that he would “sustain the expansion” of the US economy, but not by slashing interest rates by a whole percentage point, as Trump has repeatedly called for. Instead, Powell is likely to lower rates by around a quarter of a percentage point, from their current level of 2.25...
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Trump eviscerates Fed chairman as ‘bigger enemy' than China as markets quiver

Trump eviscerates Fed chairman as ‘bigger enemy' than China as markets quiver

5 monthes ago   |   By NY Daily News

A livid President Trump tore into Federal Reserve Chairman Jerome Powell on Friday as a “bigger enemy” than China - sending markets plunging as fears of a recession fueled by the spiraling trade war. After Powell pointedly warned in a speech that he could not undo the damage from Trump's signature...
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Trump asks whether the Fed chief or China is 'our bigger enemy' as the trade war takes a dark turn

Trump asks whether the Fed chief or China is 'our bigger enemy' as the trade war takes a dark turn

5 monthes ago   |   By Business Insider

President Donald Trump lambasted Federal Reserve Chairman Jay Powell in a tweetstorm Friday as Trump's trade war with China escalated.
"My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?" Trump wrote on Twitter.
Trump's latest attack on Powell came with the trade war between the US and China entering a new phase, heightening political risks for Trump's reelection campaign.
Visit Markets Insider for more stories .
President Donald Trump lambasted Federal Reserve Chairman Jerome Powell in a tweetstorm Friday as Trump's trade war with China escalated and after the central...
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Trump slams Fed chief: 'Who is our biggest enemy, Jay Powell or Chairman Xi?'

5 monthes ago   |   By NBC News

Trump's blistering tweets came after Powell, whom the president hand-picked as Federal Reserve chairman last year, spoke at an economic conference.
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Jay Powell says no Fed ‘rulebook' for Trump trade war

Jay Powell says no Fed ‘rulebook' for Trump trade war

5 monthes ago   |   By New York Post

In a highly anticipated speech on Friday, Federal Reserve Chairman Jerome Powell distanced the Fed from economic impact of President Trump's trade war, saying that the Fed isn't set up to deal “international trade.” “While monetary policy is a powerful tool that works to support consumer spending, business investment, and public confidence, it cannot provide...
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Trump tweets: 'Who is our bigger enemy,' Fed Chairman Powell or Chinese President Xi?

5 monthes ago   |   By CNBC

President Donald Trump on Friday again ripped into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.
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China kicked out 3 Wall Street Journal reporters after it published an op-ed...

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Burger King just launched a new ad campaign featuring a moldy Whopper, and...

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