Trump steps up attacks on Fed’s independence amid interest rates row
by Callum Jones in New York from US news | The Guardian on (#6Z1RN)
US president called on top Fed officials to seize control from chair Jerome Powell if he fails to cut interest rates
Donald Trump called on top Federal Reserve officials to seize control from its chair, Jerome Powell, if he fails to cut interest rates, stepping up his extraordinary attacks on the central bank's independence.
The US president called Powell a stubborn MORON" in a series of critical social media posts on Friday, days after the Fed held rates steady for the fifth consecutive time.
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