Donald Trump criticized the Federal Reserve's decision to cut its benchmark interest rate by half a percentage point, stating that it showed the US economy was either “very bad” or the central bank was “playing politics.” In interviews with Trump, the former president has suggested Fed Chair Jerome Powell could remain Fed chair if re-elected and accused him of political bias. Powell, a respected figure on Wall Street, is a registered Republican who previously worked in the U.S. Treasury under President George H.W. Bush and later became a partner at the Carlyle Group.
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00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump criticized the Federal Reserve's decision to cut its benchmark interest rate
00:07by half a percentage point, stating that it showed the U.S. economy was either very bad
00:11or the central bank was playing politics.
00:13Jerome Powell, a respected figure on Wall Street, is a registered Republican who previously
00:18worked in the U.S. Treasury under President George H.W. Bush, and later became a partner
00:22at the Carlyle Group.
00:23For all things money, visit Benzinga.com.