Trump Blasts Powell On Rate Hikes, QT, And The Strong Dollar At CPAC 2019
Speaking during the CPAC 2019 conference on Saturday, Trump blasted Fed Chair Jerome Powell on three fronts.
Trump went after Jerome Powell again today with Swipes at Fed for Raising Rates and a Too Strong Dollar.
“I want a dollar that does great for our country, but not a dollar that’s so strong that it makes it prohibitive for us to do business with other nations and take their business,” Trump said.
He didn’t mention Powell by name, but referenced “a gentleman that likes raising interest rates in the Fed, we have a gentleman that loves quantitative tightening in the Fed, we have a gentlemen that likes a very strong dollar in the Fed.”
“Can you imagine if we left interest rates where they were, if we didn’t do quantitative tightening,” Trump said. “There’s no inflation,” he added.
December 24 Snipe
The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!
— Donald J. Trump (@realDonaldTrump) December 24, 2018
CPAC Video
🚨 TRUMP: "We have people in Congress right now that hate our country... When I see some of the statements being made, it's very very sad. And find out -- how did they do in their country? Did they do well?... Some will say it's terrible he brought that up, but I don't mind." 🚨 pic.twitter.com/veleBvQnWu
— Aaron Rupar (@atrupar) March 2, 2019