Trump Says Fed Has Done ‘Terrible Job’ on Banking Regulation
- President says Treasury will lead an effort to cut regulation
- Trump comments after FOMC voted to hold interest rates steady
Jerome Powell during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Jan. 29.
Photographer: Al Drago/BloombergThis article is for subscribers only.
President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates.
“The Fed has done a terrible job on Bank Regulation. Treasury is going to lead the effort to cut unnecessary Regulation, and will unleash lending for all American people and businesses,” Trump posted Wednesday on his social media site.