"Trump Accuses Fed Chair Powell of Political Motives to Aid Democrats"

1 min read
Source: Mediaite
"Trump Accuses Fed Chair Powell of Political Motives to Aid Democrats"
Photo: Mediaite
TL;DR Summary

Former President Donald Trump accused Fed Chairman Jerome Powell, whom he nominated, of trying to lower interest rates to benefit President Joe Biden's reelection, citing potential inflation due to Middle East conflicts. Trump's comments contrast with his previous praise for Powell, while a GOP U.S. Senate candidate suggested a conflict between Powell's anti-inflation stance and Biden's efforts to prevent a recession.

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