Trump said in the interview that Powell "almost looks like he's happy raising interest rates" and that it's "too early to tell, but maybe" he regrets appointing him.
Asked in the Wall Street Journal interview what he saw as the biggest risks to the U.S. economy, Mr Trump said: "To me the Fed is the biggest risk, because I think interest rates are being raised too quickly".
New Federal Reserve vice chair Richard Clarida on Thursday said he'd support "some further" increase in interest rates as the best way to nurse the current US recovery along while guarding against any jump in inflation. "They have a right to act the way do", Hatch said.
President Donald Trump in a straight line blamed Jerome Powell, Chairman of Federal Reserve, for menacing the US economy by an increase in interest rates, as per to The Wall Street Journal. But the president demurred when asked under what circumstances he would fire Mr Powell.
"I supported the FOMC's [Federal Open Market Committee] decision last month to raise the target for the federal funds rate to a range of 2 to 2.25 percent", he said October 25 at the Peterson Institute for International Economics, a Washington-based think tank.
This isn't the first time the president has publicly disagreed with the policy makers over at the central bank.
Mr Trump said the Fed poses the biggest risk to the U.S. economy, adding that higher interest rates would slow growth and add to the national debt.
The central bank is trying to cool down the red-hot economy after Washington's debt-fueled tax cuts and spending surge. Bostic also said that falling stock prices, ongoing trade tensions and other "headwinds" were unlikely to change the Fed's perspective.
President Donald Trump on Tuesday accused Federal Reserve Chairman Jerome Powell of getting joy out of raising interest rates in an interview with The Wall Street Journal published on Tuesday. "I'm not going to get get into that issue", said Crapo, chairman of the Senate Banking Committee which oversees the central bank. The target range for the federal funds rate, now at 2 per cent to 2.25 per cent, is low by historical standards.
The neutral rate is the level at which the Fed's target fed funds rate neither stimulates nor slows the economy, and Fed officials see it as being close to 3 percent. A Reuters report yesterday said the savvy Fed chair had at least 33 meetings with members of Congress in June, July and August, according to Fed calendars, and had three times as many congressional meetings in his first seven months in office as did his predecessor, Janet Yellen. Throughout US history, presidents have criticized the Fed for excessively tight monetary policy. This article is strictly for informational purposes only.