Trump says 'my biggest threat is the Fed'
WASHINGTON (Reuters) - U.S.
WASHINGTON (Reuters) - U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, who he has frequently critiqued in public.
"My biggest threat is the Fed," he said according to excerpts released before the interview with Trish Regan Primetime airs. "I put a couple of other people there I’m not so happy with too but for the most part I’m very happy with people."
Last week Trump criticized the U.S. central bank twice, saying it was raising interest rates so swiftly that it threatened the country's economic health.
Past U.S. presidents have criticized the central bank, but the recent run of invective was unusual even for Trump, where he has called the Fed "crazy," "loco," "ridiculous," and "too cute."
Trump has said he is not trying to oust Powell, who he appointed to replace former Chair Janet Yellen.
"Can I be honest? I’m not blaming anybody," he said in the interview. "I put him there. And maybe it’s right, maybe it’s wrong, but I put him there."
(Reporting by Lisa Lambert and Mohammad Zargham)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.