Trump expanded Fed criticism, calls it “my greatest threat”

WASHINGTON (AP) – President Donald Trump heaped more criticism on the federal business network extended reserve in an interview with Fox on Tuesday, his dissatisfaction with its Chairman Jerome Powell, whom he has often criticized in public.

file photo: President Donald Trump gestures, such as at the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 26, 2018 speaks. REUTERS/Denis Balibouse / file photo

“My biggest threat is the United States,” he said, according to excerpts released before the interview with “Trish Regan Primetime” airs. “I have a few others I’m not people there also, but for the most part I am happy very happy with people.”

last week criticized trump the Federal Reserve twice, saying it raised interest rates so quickly that it threatens economic health of the country. However, given the hot job market and signs of inflation, the Fed has settled in a gradual policy tightening and will raise them probably in December again.

recent U.S. Presidents have been reluctant to criticize the Central Bank, because its independence as important for economic stability is considered. But Trump last week has the Fed “crazy”, “loco,” called, “ridiculous” and “too cute.”

Trump has said that he does not try, Powell, displace he appointed to replace former Chairman Janet Yellen. The President appointed two of the three politicians on the powerful Board of Governors, Randal Quarles and Richard Clarida fed.

“can I be honest? I’m not guilty, “, Trump said in an interview. “I have (Powell) is.” And perhaps it is right, it may be wrong, but I got him there.”

the Fed independent decisions principle but reported regularly to Congress. End of 2015 began data since the Fed meeting was in September in line with its portrait of a strong economy and policy, that they expect have said that an interest-rate hike cycle will continue.

Republican U.S. representative Jeb Hensarling, Chairman of the House of representatives financial services Committee retired, overseen by the Central Bank moved from Trump said “Has uniquely his own style.” But he said “I don’t think the fact that he publicly, criticized the fed in any way or form is intervention on (their) independence,” Reuters.

reporting by Lisa Lambert, Mohammad Zargham and Jonathan Spicer; Editing by Peter Cooney

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