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.


Reader Comments


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019