President Trump renews attack on Federal Reserve, calling for the central bank to slash rates by one full percentage point.
President Donald Trump renewed his attack on the Federal Reserve on Monday, berating his appointee, Fed Chairman Jerome Powell, for a"horrendous lack of vision" and calling for the central bank to slash rates by one full percentage point.
The president's comments are the latest in a long line of attacks on the Fed — an independent agency that, like other central banks around the world, is insulated from short-term political interests — and its key decision-makers, several of whom are his own appointees. Trump has expressed increasing frustration with the Fed, which has raised rates seven times during his presidency. With the economy as the central focus of his re-election campaign for 2020, Trump is keen to keep the economy on an even keel.
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