Trump Calls Out Fed Chair Powell

Federalreserve, Public domain, via Wikimedia Commons

( – In a recent conversation with Maria Bartiromo, former President Donald Trump shared his perspectives on the current economic situation and his views regarding the leadership of the Federal Reserve. During this exclusive dialogue, Trump, who is leading the race for the Republican nomination in 2024, expressed his criticisms of Federal Reserve Chairman Jerome Powell, especially in light of recent highs in the stock market showcased in a segment on “Mornings with Maria.”

Trump suggested that Powell might be influenced by political considerations, possibly aiming to favor the Democrats, particularly through the adjustment of interest rates. He voiced concerns about the possibility of significant inflation, attributing potential rises to instability in the Middle East affecting energy prices. Trump highlighted the risks of escalating oil prices due to regional conflicts, which could lead to inflationary pressures that the Federal Reserve might struggle to control.

Powell, who was appointed by Trump in 2018 and started a second term under President Biden in 2022, might not be reappointed under a new Trump administration. Trump hinted at considering other candidates for the Federal Reserve leadership, acknowledging Powell’s missteps regarding inflation.

The discussion also touched on the Federal Reserve’s aggressive interest rate hikes aimed at curbing inflation and slowing economic growth, a strategy that has seen significant tightening of monetary policy.

Trump also claimed responsibility for the recent bullish trends in the U.S. stock market, attributing investor optimism to his potential reelection. He highlighted his leading position in early primary states and his competitive edge over rivals, including Florida Governor Ron DeSantis.

Furthermore, Trump aired his grave concerns about the prospects of a second Biden term, stating that such an outcome would be detrimental to the nation’s survival, labeling Biden as the least competent president in U.S. history.

The comprehensive interview, covering a range of topics from economic policies to the border crisis and advancements in artificial intelligence, is scheduled for broadcast on Fox News’ “Sunday Morning Futures.”

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