Trump escalated his attack on Fed yesterday by falling it his “biggest threat”, “because the Fed is raising rates too fast”. Though, he repeated that Fed is “independent” and he “don’t speak to ” Fed chair Jerome Powell. But he also expressed that “I’m not happy with what he’s doing because it’s going too fast. Because – you look at the last inflation numbers, they’re very low.”
Trump also added “Can I be honest? I’m not blaming anybody, I put him there”, referring to Powell. “And maybe it’s right, maybe it’s wrong. But I put him there.”
Markets had little reaction to Trump’s words so far.
