Economics
Trump Says Fed ‘Doesn’t Have a Clue’
- Tweets that the bank is bigger problem than U.S. competitors
- It’s the latest bid to get the Fed to lower interest rates
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President Donald Trump renewed his attack on the Federal Reserve, saying the central bank “doesn’t have a clue,” and may be sizing up his two latest picks for Fed governor as successors to Chairman Jerome Powell.
The fresh criticism is consistent with ideas that the president is laying the groundwork to replace Powell when the chairman’s term is up in 2022, assuming Trump is re-elected, or will attempt to do so earlier if the Fed doesn’t bend quickly enough to his will.