Trump says 'not happy' with Fed's Powell

The Washington Post has quoted US President Donald Trump saying he is "not even a little bit happy" with Federal Reserve chairman Jerome Powell.

Federal Reserve Chairman Jerome Powell

US President Donald Trump says he is not happy with Federal Reserve Chairman Jerome Powell. (AAP)

US President Donald Trump has kept up his criticism of Federal Reserve Chairman Jerome Powell, saying rising interest rates and other Fed policies were damaging the US economy

"So far, I'm not even a little bit happy with my selection of Jay," the Washington Post quoted Trump as saying in an interview, referring to the man he picked last year to lead the Fed.

"Not even a little bit. And I'm not blaming anybody, but I'm just telling you I think that the Fed is way off-base with what they're doing."

In recent months, the Republican president has repeatedly criticised Powell and the Fed's interest rate increases that he said was making it more expensive for his administration to finance its escalating deficits. Trump has called the Fed "crazy" and "ridiculous."

"I'm doing deals, and I'm not being accommodated by the Fed," Trump told the Post on Tuesday.

"They're making a mistake because I have a gut, and my gut tells me more sometimes than anybody else's brain can ever tell me."


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Source: AAP


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