U.S. President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Current Federal Reserve chair Janet Yellen’s term expires in February. (Photo by Drew Angerer/Getty Images) Federal Reserve Chair Jerome Powell will not be reappointed to a third term as head of the U.S. central bank, says former President Donald Trump.
“I think he’s political,” President Trump said to host Maria Bartiromo. “I think he’s going to do something to probably help the Democrats, I think, if he lowers interest rates.”
President Trump warned that the U.S. economy could face the possibility of witnessing an inflation resurgence, citing chaos in the Middle East that would lead to “tremendous spikes in the price of oil.”
“And […]
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