Trump says he won't remove Fed chair Powell, says good parts of economy are his doing

[BumRushDaShow]

Source: Reuters

May 4, 2025 11:48 AM EDT Updated 4 hours ago


WASHINGTON, May 4 (Reuters) - U.S. President Donald Trump said he will not remove Jerome Powell as Federal Reserve Board chairman before his term ends in May 2026 while describing the central banker as "a total stiff" and repeating calls for the Fed to lower interest rates. Trump insisted that his moves to upend the global trading system with higher tariffs would eventually make Americans rich, and insisted that a first-quarter contraction in the U.S. economy was the result of former President Joe Biden's policies.

In an interview with “Meet the Press with Kristen Welker” on NBC News that aired on Sunday, Trump said he expected the Fed to lower interest rates at some point. "Well, he should lower them. And at some point, he will. He'd rather not because he's not a fan of mine. You know, he just doesn't like me because I think he's a total stiff," he said in the interview, which was taped in Florida on Friday.

Asked if he would remove Powell before his term as chair ends in 2026, Trump issued his most definitive denial, saying, "No, no, no. That was a total – why would I do that? I get to replace the person in another short period of time."

Wall Street stocks fell sharply last month after Trump doubled down on his attacks against Powell, amplifying concerns about the central bank's autonomy and rattling markets. After the nosedive, Trump has backed off somewhat. The comments aired on Sunday were the clearest indication yet that the president would keep Powell in place, which could reassure markets deeply unsettled by Trump's moves to upend the global trading system with a tsunami of tariffs.

Read more: https://www.reuters.com/world/us/trump-says-wont-remove-fed-chair-powell-before-term-ends-2026-tv-interview-2025-05-04/

[Lovie777]

1. shithole is nuts.....

[JoseBalow]

2. Take credit for what's good, blame others for what's bad

He's a toddler.

[BadgerKid]

3. The narcissistic petulance is transparent.

[progree]

4. "beautiful baby girl - that's 11 years old ... doesn't need 30 dolls, they can have 3 or 4.... Doesn't need 250 pencils

They can have five."

https://www.msn.com/en-us/money/markets/trump-lies-about-gas-and-grocery-prices-defends-tariffs/ar-AA1E9lru

Trump Lies About Gas and Grocery Prices, Defends Tariffs, Rolling Stone, 5/4/25
. . .
Welker pointed out that because of the tariffs, "You said some dolls are going to cost more. Isn't that an acknowledgment that some prices will go up?"

"I don't think that a beautiful baby girl needs - that's 11 years old - needs to have 30 dolls," said Trump, whose children were raised in a gilded penthouse. "I think they can have three dolls or four dolls ... " . . . "I'm just saying they don't need to have 30 dolls. They can have three. They don't need to have 250 pencils. They can have five."

He added, "We don't have to waste money on a trade deficit with China for things we don't need, for junk that we don't need."

Trump did, however, admit that keeping tariffs on China at current levels is untenable.

. . .

"When does it become the Trump economy?" Welker asked.

"It partially is right now," Trump said. "I think the good parts are the Trump economy and the bad parts are the Biden economy."

On April 30, I heard him also quoted, besides not needing 30 dolls, two is enough, is that they may cost $2 more (when asked about the price impact of tariffs)

=================================================

At what age does a baby girl become a girl in MAGA World?

[BumRushDaShow]

5. "At what age does a baby girl become a girl in MAGA World? "

This sounds like Epstein talk...

[PortTack]

6. Ummm...excuse me...what good parts?

[Polybius]

7. Probably he means this:

The US economy added a stronger-than-expected 177,000 jobs in April