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Trump Calls Federal Reserve `Loco' in New Attacks (Radio)

Trump Calls Federal Reserve `Loco' in New Attacks (Radio)

13:05

(Bloomberg) -- Alex Wayne, Bloomberg News White House team leader, discusses President Trump's recent statements in opposition to the Federal Reserve and chairman Jerome Powell, who Trump selected for the role himself. On Thursday, Trump told Fox News that the Fed's recent rate hike was "ridiculous," warning the central bank that it was making a "mistake." Plus, Bloomberg News Federal Reserve reporter Jeanna Smialek discusses what Trump's latest attacks mean for the Fed's independence and a December rate rise, which has been expected for months. They speak with Bloomberg’s Peter Barnes, Bob Moon, and Amy Morris on Bloomberg Radio’s “Politics, Policy, Power and Law.”

Oct 11, 2018