President Trump ripped Federal Reserve Chairman Jerome Powell on Friday, asking whether his hand-picked Fed chief or Chinese President Xi Jinping was a more dangerous threat to the U.S.
“As usual, the Fed did NOTHING! It is incredible that they can ‘speak’ without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work ‘brilliantly’ with both, and the U.S. will do great,” Trump tweeted Friday, following Powell’s speech in Jackson Hole, Wyo.
….My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?
— Donald J. Trump (@realDonaldTrump) August 23, 2019
Trump’s tweet followed Powell’s warning Friday that while the Fed may cut interest rates to support the U.S. economy, it cannot solve the harm created by Trump’s trade battles.
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