Trump Says He Knows Interest Rates Better Than Fed Chief Powell
- Trump jabs at bank chief, says they’ll speak at ‘right time’
- Comments come after Trump demanded lower rates in Davos speech
Jerome Powell and Donald Trump in 2017.
Photographer: Olivier Douliery/BloombergThis article is for subscribers only.
President Donald Trump questioned Federal Reserve Chair Jerome Powell’s decision making on interest rates and said he planned to speak to the central bank chief “at the right time.”
“I think I know interest rates much better than they do, and I think I know it certainly much better than the one who’s primarily in charge of making that decision,” Trump said, in an apparent reference to Powell, while speaking to reporters from the Oval Office Thursday. “If I disagree, I will let it be known.”