Trump vs. Fed
President Trump has again attacked the Federal Reserve's interest rate hikes, describing the independent central bank as "crazy" and blaming its strategy for causing the abovementioned market turmoil. Cue a chorus of defenses of the Fed and its chair, Jay Powell, from the likes of IMF Managing Director Christine Lagarde, Bank of England Governor Mark Carney, and senior figures from JPMorgan Chase International and Standard Chartered. Fortune
President Trump has again attacked the Federal Reserve's interest rate hikes, describing the independent central bank as "crazy" and blaming its strategy for causing the abovementioned market turmoil. Cue a chorus of defenses of the Fed and its chair, Jay Powell, from the likes of IMF Managing Director Christine Lagarde, Bank of England Governor Mark Carney, and senior figures from JPMorgan Chase International and Standard Chartered. Fortune
