Trump Expresses Confidence in Fed After Reports on Firing Powell

Donald Trump expressed confidence in the Federal Reserve and its Chairman, Jerome Powell, following reports that he’s discussed firing the central bank chief -- though the president complained again that interest rates have been rising too quickly.

Asked about Powell, Trump told reporters at the White House on Tuesday: “Well, we’ll see. They’re raising interest rates too fast. That’s my opinion. But I certainly have confidence. But I think it will straighten. They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon. I really do. I mean, the fact is that the economy is doing so well that they raised interest rates and that is a form of safety in a way.”