The latest attacks on Powell came as the trade war between the US and China entered a new phase, raising political risks for the president.
President Donald Trump lambasted Federal Reserve Chairman Jay Powell in a tweetstorm Friday as his trade war with China escalated. "My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?" Trump wrote on Twitter. The latest attacks on Powell came as the trade war between the US and China entered a new phase, heightening political risks for the Trump reelection campaign a week after a recession warning flashed. Visit Markets Insider for more stories.
President Donald Trump lambasted Federal Reserve Chairman Jay Powell in a tweetstorm Friday as his trade war with China escalated. "My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?" Trump wrote on Twitter. The latest attacks on Powell came as the trade war between the US and China entered a new phase, heightening political risks for the Trump reelection campaign a week after a recession warning flashed. Visit Markets Insider for more stories.
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Trump slams Fed chief: 'Who is our biggest enemy, Jay Powell or Chairman Xi?'Trump's blistering tweets came after Powell, whom the president hand-picked as Federal Reserve chairman last year, spoke at an economic conference.
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Trump tweets: 'Who is our bigger enemy,' Fed Chairman Powell or Chinese President Xi?President Donald Trump on Friday again ripped into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.
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Escalation in U.S.-China trade war threatens global economy, poses Trump reelection riskAmerican cars, soybeans and oil largely produced in key swing states have been targeted for additional import tariffs by China, marking the latest volley in a widening trade war with the United States that has damaged the global economy.
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