Donald Trump has shown the Fed about as much respect as, well, he shows anything. When Barack Obama was president, Trump trashed then-Chair Janet Yellen for being a partisan for keeping interest rates low for a prolonged period. He then changed his mind about Yellen once in office, deciding her low rates policy was cool after all. Powell then turned policy 180, markets flew 15% & now they're having dinner?" So should Jay Powell have turned Trump down?

Source: Forbes February 06, 2019 12:56 UTC