Donald Trump regrets choosing Federal Reserve chief Jerome “Jay” Powell

Greg Sheridan of Murdoch’s Australian keeps insisting ” don’t listen to what Trump says pay attention to what he does. He’s not that bad”. Good one Sheridan even  broken clock is right twice a day.( ODT)

In a wide-ranging and sometimes discordant 20-minute interview with The Washington Post, Trump complained at length about Federal Reserve Chairman Jerome “Jay” Powell, whom he nominated earlier this year. He argued that rising interest rates and other Fed policies were damaging the economy – as evidenced by GM’s announcement this week that it was laying off 15 per cent of its workforce – though he insisted that he is not worried about a recession.

“I’m doing deals, and I’m not being accommodated by the Fed,” Trump said. “They’re making a mistake because I have a gut, and my gut tells me more sometimes than anybody else’s brain can ever tell me.”

He added: “So far, I’m not even a little bit happy with my selection of Jay. Not even a little bit. And I’m not blaming anybody, but I’m just telling you I think that the Fed is way off-base with what they’re doing.”

via Donald Trump regrets choosing Federal Reserve chief Jerome “Jay” Powell

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