Trump, asked if he would replace Powell, didn’t offer a hint and instead responded:
“I think I’m better than he would be. I think I’m better than most people in that position.”
On changing rates, he did concede that he couldn’t dictate them: “I don’t think I should be allowed to order it. I should have the right to make comments.”
Also on the Fed, he said: “It’s the greatest job in government. You show up to the office once a month and you say, ‘Let’s see, flip a coin,’ and everybody talks about you like you’re a God.”
Note, the Fed meets every 6-7 weeks, not monthly.
I know he makes a great deal of noise about the Fed and the media likes to sensationalize it but I don’t ever see him in a position to really influence Fed policy.
This article was written by Adam Button at www.forexlive.com.
