Politics: Trump expresses fresh regret about his Fed chief: 'Oh well, you can’t win them all!' - PressFrom - US
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PoliticsTrump expresses fresh regret about his Fed chief: 'Oh well, you can’t win them all!'

16:26  06 september  2019
16:26  06 september  2019 Source:   politico.com

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Trump announced in August that he would put tariffs on nearly all Chinese imports by the end of the year, a major escalation of the trade war “I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut Oh well , you can ’ t win them all !” Trump wrote.

Donald J. Trump начал(а) читать. For all of the “geniuses” out there, many who have been in other administrations and “taken to the cleaners” by China, that want me to get together with the EU and others to go after China Trade practices remember, the EU & all treat us VERY unfairly on Trade also.

President Donald Trump on Friday offered his latest broadside against his handpicked Federal Reserve chairman, asking, “Where did I find this guy Jerome?”

Trump expresses fresh regret about his Fed chief: 'Oh well, you can’t win them all!'© Carlos Barria President Donald Trump looks on as Jerome Powell, the then-nominee to become chairman of the U.S. Federal Reserve, speaks at the White House in 2017.

“I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut — and big dose quantitative tightening didn’t exactly help either,” Trump tweeted. “Where did I find this guy Jerome? Oh well, you can’t win them all!”

The president has repeatedly assailed Jerome Powell for hiking interest rates as the economy has continued to recover from the financial crisis a decade ago. But he has dramatically escalated his attacks as signs have emerged that the U.S. could be headed for a recession next year — a development that could blunt his reelection effort.

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He expressed regret . Trump , reading from prepared remarks Thursday night, acknowledged that he sometimes says “the Trump ’s public expression of regret also followed his decision earlier this week to shake up his campaign leadership, installing a Everyone talks about, ‘ Oh are you going to pivot?’

Donald Trump on Thursday shelved his guiding mantra -- never back down, never apologize -- and did what he has refused to do in public in more than a year of campaigning.

Trump has publicly said he has the right to fire Powell, telling the Fox Business Network in June, “I have the right to demote him. I have the right to fire him,” while adding that he had “never suggested” following through.

Powell, however, said in July that he wouldn’t leave the Fed if Trump tried to oust him.

"What I have said is the law gives me a four-year term and I fully intend to serve it,” Powell told lawmakers.

Trump received the latest economic blow on Friday morning when the Labor Department reported that hiring slowed in August. The U.S. added 130,000 jobs in the month, coming in below economists’ prediction of 150,000 jobs, as Trump’s ongoing trade wars, most notably with China, continued to bite.

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