'Jamie Dimon probably wants higher rates. Maybe he makes more money that way': Trump continues Fed attacks in Detroit visit | Fortune
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'Jamie Dimon probably wants higher rates. Maybe he makes more money that way': Trump continues Fed attacks in Detroit visit | Fortune
"Speaking to the Detroit Economic Club, the president essentially accused the Fed of stealing his joy by not being bullish about lowering interest rates. It comes as the Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell has sparked an outcry, with defenders of the U.S. central bank pushing back against Trump's efforts to exert more control over it."
"Federal data from December showed inflation declined a bit last month as prices for gas and used cars fell - a sign that cost pressures are slowly easing. After last year's election losses for the GOP, the White House said Trump would put a greater emphasis on talking directly to the public about his economic policies after doing relatively few events around the country earlier in his term."
"Trump says Renee Good may have in 'normal circumstances' been a 'solid' person But, the president said in his interview, "her actions were pretty tough." He said that video of the moment when an immigration agent fatally shot her in Minneapolis, "can be viewed two ways, I guess," but said "there are a couple of versions of that tape that are very, very bad." It wasn't completely clear what he meant by that."
President Trump criticized the Federal Reserve for not signaling interest-rate cuts and accused the Fed of "stealing his joy." The Justice Department opened a criminal investigation of Fed Chair Jerome Powell, prompting defenders of the central bank to push back against perceived attempts to exert more control. Federal data from December showed a slight decline in inflation as gas and used-car prices fell. The White House said the president will increase public communications about economic policy after GOP election losses. The president commented on Renee Good's death, noted conflicting video versions, and called Powell "either corrupt or incompetent."
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