Published: Sat, April 06, 2019
Markets | By Erika Turner

Trump considered replacing Fed chair with Kevin Warsh

Trump considered replacing Fed chair with Kevin Warsh

But, per the Wall Street Journal, it's still not enough.

For months, Trump has been pointing the finger at Powell and the Fed's interest-rate increases for restraining the economy and spooking the stock market.

In a recent telephone conversation, Trump told Powell, "I guess I'm stuck with you", the person recalled, according to the Journal. When asked directly if he thought Trump could fire him, he said, "no".

One attendee who heard the president's comments told the Journal that Trump was "pretty rough" and that he blamed Treasury Secretary Steven Mnuchin.

Trump blasting Powell at three meetings in the past week.

A White House spokesman could not be immediately reached for comment. He avoided commenting on the president's criticism of the central bank's interest rate policy during the interview.

Despite repeated rebukes by Trump, Powell said in a recent "60 Minutes" interview that he does not think he can be fired by the president.

Giancarlo Stanton Injury: Yankees Slugger Lands On IL After Three Games
It's particularly interesting that NY could use help at the exact positions played by Harper and Machado. Andujar, 24, was runner-up in AL Rookie of the Year voting last season and started the season 3 for 11.

@realDonaldTrump:The only problem our economy has is the Fed.

The Fed chairman has repeatedly made the case for a patient, measured approach, describing the U.S. economy in a "good place", where policy makers "don't feel any hurry to change our interest rate policy".

The President took to Twitter to deride the Fed's 2018 rate hikes, which he considered a policy error that halted economic progress.

Prior administrations have taken care not to comment on Fed policy publicly, but Trump has railed repeatedly against the US central bank chairman he selected.

Signs of renewed tensions with the Federal Reserve emerged when Trump two weeks ago nominated Stephen Moore, a conservative economic analyst and frequent critic of the Fed, to fill a vacancy on the Fed's seven-member board.

"I am echoing the President's view - he's not been bashful about that view", Kudlow said in an interview on CNBC, shortly after Axios published similar comments. Rates are now at 2.25 percent to 2.50 percent.

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