Trump says US presidents should ‘have say’ in Federal Reserve decisions
ISTANBUL (AA) – US Republican presidential candidate Donald Trump said Thursday American presidents should “have a say” in monetary policy decisions of the Federal Reserve.
“I feel the president should have at least (a) say in there,” he told a news conference at his Mar-a-Lago residence in the state of Florida. “Yeah, I feel that strongly.”
“I think that in my case, I made a lot of money, I was very successful,” he added.” I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman.”
Although Trump nominated the current Fed Chairman Jerome Powell in November 2017, he later became critical of him by putting pressure to lower interest rates in order to give a boost to the US stock exchanges.
Trump in February accused Powell of being “political”.
While Trump had threatened to fire Powell during his presidency, he said last month he would let Powell finish his term if he won the election in November.
Powell’s term as chairman expires in early 2026.
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