In an interview, yesterday with the Washington Post Donald Trump said, ‘’so far, I’m not even a little bit happy with my selection of Jay [Powell]. Not even a little bit. I’m doing deals and I’m not being accommodated by the Fed. They’re making a mistake [raising rates] because I have a gut and my gut tells me more sometimes than anybody else’s brain can ever tell me’’. He has blamed recent stock market declines on the Fed and now GM’s decision to close 5 factories. He also threatened to cut all subsidies for GM, including for electric cars.
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