Trump’s fiery rhetoric sparks a reaction from Fed Chair Powell, who remains calm and collected
In a recent exchange, President Trump’s fiery rhetoric sparked a reaction from Federal Reserve Chair Jerome Powell, who remained calm and collected despite the provocative language. The tension between the two leaders has been building for months, with Trump frequently criticizing the Fed’s monetary policy decisions.
The Build-Up to the Confrontation
Trump has long been critical of the Fed’s decision to keep interest rates low, arguing that it is hindering economic growth. Powell, on the other hand, has maintained that the Fed is doing what is best for the economy, despite the president’s criticism.
The Confrontation
- Trump accused the Fed of being “out of control” and “too slow to act”
- Powell responded by saying that the Fed is “not targeting any particular level of the stock market” and that its decisions are based on economic data
Despite the tension, Powell has maintained a calm and collected demeanor, refusing to engage in a public feud with Trump. Meanwhile, Trump’s rhetoric has continued to escalate, with some experts warning of potential consequences for the economy.
Read more about the implications of Trump’s rhetoric on the economy
Check out Bloomberg’s coverage of the Fed’s monetary policy decisions
