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Trump Rips Fed as Economy's Only Problem; No Powell Mention

  • ‘They don’t have a feel for the Market,’ president tweets
  • U.S. stocks extend decline following Trump comment on Monday
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Trump Should Have Vetted Jay Powell, Wizman Says
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President Donald Trump renewed his attacks on the Federal Reserve, commenting publicly on the central bank for the first time following last week’s interest-rate hike and reports he has discussed firing Chairman Jerome Powell.

“The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders,” Trump said in a tweet Monday. “The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!”