CNN's Harry Enten: Trump Is Totally 'Losing The Political Fight' Against Powell
HuffPost
The network's data chief said Americans "vigorously disagree" with Trump as he ramps up his feud with the Fed chair.
CNN’s chief data analyst Harry Enten on Monday said a majority of Americans believe it’s “incredibly important” that the Federal Reserve acts independently of Donald Trump after the president’s apparent attempt to pressure Fed Chair Jerome Powell into lowering interest rates.
“The American people vigorously disagree with the President of the United States on this,” Enten said. “They want a Fed that acts independently of him because they think it’s best for the economy.”
On Sunday, Powell announced that the DOJ had issued subpoenas and threatened the U.S. central bank with a criminal indictment over his Senate testimony about planned renovations at the Federal Reserve building. Trump insisted that he didn’t have anything to do with the subpoenas despite feuding with Powell — whom he appointed to the post in 2017 — for months, and urging him to cut interest rates.
Former Fed chairs have gone to bat for Powell and blasted Trump’s “unprecedented” attack on the agency’s independence.
Enten, citing CBS News polling from September, noted that more than two-thirds of U.S. adults (68%) said it was best for the U.S. economy if the Fed acted independently of Trump. A majority of Democrats (91%) and independents (75%) said the same, while over two-fifths of Republicans (41%) indicated that the Fed having the reins on the economy would be best.
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