Trump rips Fed: ‘Who is our bigger enemy,’ Powell or China’s Xi?

 

By Megan Henney  The Fed FOX Business

President TrumpOpens a New Window. lashed out at the Federal ReserveOpens a New Window. after its chairman, Jerome Powell, stopped short of saying the U.S. central bank is prepared to cut interest rates for a second time this year.

In a tweet, Trump compared Powell — whom he’s repeatedly criticized, despite hand-picking him almost two years ago — to Chinese President Xi Jinping.

“As usual, the Fed did NOTHING!” Trump tweeted, initially misspelling Powell’s last name before changing it. “My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?”

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