Economics
Trump Says Didn’t Threaten to Demote Fed's Powell, But Could
- Says Powell, his pick as Fed chief, hasn’t done a good job
- Continues months-long criticism of rate hikes in NBC interview
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President Donald Trump denied that he’d threatened to demote Federal Reserve Chairman Jerome Powell but said he’d “be able to do that if I wanted.”
The president repeated his criticism of Powell’s actions as Fed chief in an interview with NBC’s “Meet the Press,” conducted Friday and broadcast on Sunday.