A few weeks later, Mr. Trump surprised his advisers and Mr. Powell by calling the Fed leader on his cellphone to discuss a disappointing jobs report. I guess Im stuck with you, the president told Mr. Powell, according to the presidents later recounting of the call to supporters.
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I’m glad to see that President Trump is giving the Fed a hard time. They work on the false premise that economic growth causes inflation and they cause recessions.
Actually, they work on the false premise that the Government can control a market economy by printing fiat currency.