Trump says ‘my biggest threat is the Fed’

WASHINGTON (Reuters) – U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, who he has frequently critiqued in public.

“My biggest threat is the Fed,” he said according to excerpts released before the interview with Trish Regan Primetime airs. “I put a couple of other people there I’m not so happy with too but for the most part I’m very happy with people.”

Last week Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country’s economic health.

Past U.S. presidents have criticized the central bank, but the recent run of invective was unusual even for Trump, where he has called the Fed “crazy,” “loco,” “ridiculous,” and “too cute.”

Trump has said he is not trying to oust Powell, who he appointed to replace former Chair Janet Yellen.

“Can I be honest? I’m not blaming anybody,” he said in the interview. “I put him there. And maybe it’s right, maybe it’s wrong, but I put him there.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.