United States President Donald Trump said on Wednesday that he thinks Federal Reserve Chair Jerome Powell "hates" him. "We have a stupid person frankly at the Fed. He probably won't cut today," Trump stated.
"I think he hates me, he should I call him every name in the book trying to get him to do something. I call him 'too late,' come on, too late, let's have dinner," Trump said. "Am I allowed to appoint myself at the Fed? I'd do a much better job," he told reporters while unveiling new flagpoles outside the White House.
Trump suggested a one to two points adjustment would boost the economy by billions. "It'd be nice to be 2.5 points lower. We'd be saving $800 billion," he added. Further, the Federal Reserve is expected to maintain its current stance of keeping interest rates unchanged at its upcoming meeting.
