"I’m not happy with Jay Powell, I don’t think he’s doing a good job at all", Donald Trump told reporters, as he departed for the G-7 meeting in France late Friday in the US. "But I've got him", he added.
The president was weighing in after a long, absurd day during which stocks plummeted following a series of tweets that found Trump likening Powell to Xi Jinping and "hereby" ordering US companies to find "alternatives to China" and move any production back to America.
Asked if he wanted Powell to resign, Trump said "if he did, I wouldn't stop him".
(If the video does not load, please refresh your page)
Trump's tweets, delivered hours after Beijing retaliated to his latest tariffs, were a bridge too far for markets. Investors dumped risk assets on the threat of further escalations, which the president delivered after the closing bell in the form of more tariff hikes.
Asked by reporters about the situation with China, Trump parroted the usual line about how long the Chinese have been "hurting us".
"Look, China has been hurting our country for 30 years with the money they've been taking out", he said. At this point, it'
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!