Washington | US President Donald Trump said on Friday (Saturday AEST) he would love if Federal Reserve chairman Jerome Powell were to resign while also saying that he wanted interest rates cut to 1 per cent.
“I’d love him to resign if he wanted to, he’s done a lousy job,” Trump said, while also labelling the Fed chairman “a stubborn mule and a stupid person” for not supporting rate cuts. The Fed last week decided to leave rates unchanged in the range of 4.25 per cent to 4.5 per cent, where they’ve held since the beginning of the year.
Reuters