Trump Shreds Fed Chair Jerome Powell: 'Truly One Of My Worst Appointments'
HuffPost
In a letter Thursday, the Federal Reserve chief rejected criticism the White House has leveled at him over the cost of renovation projects.
President Donald Trump on Friday slammed Federal Reserve Chair Jerome Powell, calling him “truly one of my worst appointments,” as the U.S. central bank chief continues to defy criticism about his role amid relentless pressure from the White House.
In a post on his Truth Social platform, the president, who has been furious at Powell over the Fed’s resistance to cut interest rates, blasted his predecessor Joe Biden for giving him another four-year term after Trump first nominated him in the role in 2017.
“He is truly one of my worst appointments,” Trump wrote. “Sleepy Joe saw how bad he was and reappointed him anyway.”
Powell, who has yet to respond to Tump’s latest attack, on Thursday sent a letter to Russell Vought, rejecting the Office of Management and Budget director’s claims that he has “grossly mismanaged the Fed,” noting there have been “no VIP dining rooms constructed as part of the project” and no plans to build any VIP elevators.
The Fed chair explained that the project “is large in scope because it involves the renovation of two historic buildings on the National Mall and that were first constructed in the 1930s.”
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