President Donald Trump attacked Federal Reserve Chair Jay Powell over the central bank’s response to inflation, bank regulation and more this afternoon. Trump’s statement came less than an hour after Powell concluded a press conference on the Fed’s latest interest rate moves.
In between questions about the trajectory of monetary policy – the Fed is holding interest rates steady this month – Powell was asked to account for policy moves regarding climate change and diversity the central bank has made since Trump won reelection. Powell’s careful answers do not seem to have won him any points with the newly returned president.
