Trump Just Said “That Jerk Will Be Gone Soon” Here’s How Powell Responded
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He hasn’t …yet.
The President, I’m going to say that again, the President just called the Chairman of the Federal Reserve, Jerome Powell, incompetent, crooked and a jerk.
*cough* Maduro *cough* Epstein *cough-cough*.
During a regular ol’ speech about the economy, Trump got bored of reading off the teleprompter (watch the clip, you can see it in his eyes) and went off script saying, “That jerk will be gone soon.”
In another instance he said, “He’s billions of dollars over budget so he either is incompetent or he’s crooked… I don’t know what he is. But he does a – certainly he doesn’t do a very good job.”
The latest blow comes as everyone’s saying very clearly that this whole spat is a bad idea.
JPMorgan Chase CEO Jamie Dimon spoke out saying, “Everyone we know believes in Fed independence. Anything that chips away at that is probably not a great idea. And in my view, it will have the reverse consequences, it will raise inflation expectations and probably increase rates over time.”
But then Trump clapped back to this clap back, said, “I think it’s fine what I’m doing.” Of course you do. He continued: Powell is “a bad Fed person. He’s done a bad job. We should have lower rates. Jamie Dimon probably wants higher rates. Maybe he makes more money that way.”
Powell-erful words there
And it’s not just JPMorgan Chase CEOs who are siding against Trump, a number of Trump’s own republicans have turned on him over this issue.
Senate Banking Committee member John Kennedy, R-La., said, “If you wanted to design a system to guarantee that interest rates would go up and not down, the best way to do that would be to have the Federal Reserve and the executive branch of the United States get in a pissing contest. We need this like we need a hole in the head.”
But the person we all really want to hear from is J. Powell himself, who, other than a video response a couple days ago has remained silence. Come on, Jay, he’s dragging you through the mud, you gonna take that? You gonna let him talk to you like that? Get nasty. Gloves are off baby, let’s see you call him some names.
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