00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump escalated criticism of Federal Reserve Chair Jerome Powell,
00:06saying Powell is keeping interest rates too high and suggested he may soon call him.
00:10Speaking during an Oval Office signing ceremony on Wednesday evening,
00:13Trump accused Powell of playing politics by delaying cuts that might benefit Trump's administration.
00:19The Fed chair has repeatedly denied any political influence on Fed decisions.
00:23Although Trump softened his stance Tuesday after advisors warned of legal and economic fallout
00:27from firing Powell, he resumed attacks Wednesday, labeling the Fed chief historically late.
00:33Trump nominated Powell in 2017, but has publicly clashed with him since.
00:37The next Fed policy meeting is in May.
00:39For all things money, visit Benzinga.com slash GSTV.
Comments