Trump blasts Fed chair over stock market slide, GM layoffs
BY JORDAN FABIAN - 11/27/18 06:04 PM EST President Trump on Tuesday blamed Federal Reserve Chairman Jerome Powell for a string of negative economic developments, including the stock market's recent slide and General Motors' plan to shutter U.S. factories and lay off thousands of workers.
“I’m doing deals and I’m not being accommodated by the Fed,†Trump said in an interview with The Washington Post. “They’re making a mistake because I have a gut and my gut tells me more sometimes than anybody else’s brain can ever tell me.â€
The comments mark an escalation of Trump's criticism of Powell, whom he nominated last year to lead the central bank, over rising interest rates. They also indicate the president does not believe he bears responsibility for the negative economic news this week.
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https://thehill.com/homenews/administration/418562-trump-blasts-fed-chair-over-stock-market-slide-gm-layoffs
