Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Trump signals frustration with Fed's independent policies

 


WASHINGTON — President Donald Trump complained Monday that President Xi Jinping enjoys a major advantage in the U.S.-China trade war in that he controls China's central bank while Trump must deal with a Federal Reserve that is "very destructive to us."

Trump made clear in an interview with CNBC his frustration with a system that provides political independence for America's central bank — something most economists see as vital to its credibility. Trump noted that China's president, by contrast, is essentially also head of the Chinese central bank.

http://www.startribune.com/trump-signals-frustration-with-fed-s-independent-policies/511080592/

 

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