‘I think he does a terrible job. He’s costing us a lot of money, and we fight through it. It’s almost, the country’s become so successful it doesn’t have a big impact’
By Joe Kovacs
Amid reports that a firing for Federal Reserve Chairman Jerome Powell was imminent, President Donald Trump on Wednesday said ousting Powell was “highly unlikely,” despite calling him a “knucklehead.”
“I don’t rule out anything, but it’s highly unlikely, unless he has to leave for fraud. I mean it’s possible there’s fraud involved.”
The New York Times reported Wednesday that Trump had drafted a letter to fire Powell, and asked Republicans if he should send it and indicated that he likely would.
“He’s a knucklehead,” Trump told reporters Wednesday in the Oval Office. “We like to say it like it is.”
“He’s always been too late, hence his nickname ‘Too Late.’ He should have cut interest rates a long time ago. Europe has cut ’em 10 times in a short period of time. We cut ’em none.”
“I think he does a terrible job. He’s costing us a lot of money, and we fight through it. It’s almost, the country’s become so successful it doesn’t have a big impact. But it does hurt people wanting to get a mortgage, people want to buy a house. He’s a terrible Fed chair.”