News World Trump says he wouldn't stop Fed Chair Powell if he offered to...

Trump says he wouldn’t stop Fed Chair Powell if he offered to resign

U.S. President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn’t try to stop the chief U.S. central banker if he offered to resign.

Trump, departing the White House to travel to the G7 summit in France, told reporters, “I’m not happy with Jay Powell.”

His comments continued a war of words against Powell that, along with retaliatory tariffs imposed on U.S. goods by China, helped trigger a sharp drop on Friday in the U.S. stock market.

“I don’t think he’s doing a good job at all,” Trump told reporters as he left the White House shortly before midnight on Friday.

“I don’t think he’s much of a chess player, but I’ve got him so, you know, that’s what I have,” added the president, who earlier questioned on Twitter who was “our bigger enemy,” Powell or Chinese leader Xi Jinping.

Asked if he wanted Powell to resign, Trump replied: “Do I want him to resign? Let me put it this way, if he did I wouldn’t stop him.”

Powell was in Jackson Hole, Wyoming, on Friday for a meeting with other central bankers. He said the Fed would “act as appropriate” to keep the U.S. economy healthy in a deteriorating global economy but stopped short of committing to a series of rate cuts sought by Trump.

Faced with growing risks to the economy, the Fed cut rates for the first time in more than a decade last month, and markets overwhelmingly expect the central bank to deliver another cut at its September policy review.

(Reuters)

Top Stories

128 new cases, three deaths announced on Wednesday

The Health Ministry announced the death of three persons due to COVID-19. This raises the death toll from the virus in Cyprus to 193,...

Where to get antigen rapid tests during period 28-31 January

The Health Ministry announced the following antigen rapid test sites during the period 28-31 January 2021: LIMASSOL Church of Agios Ioannis Eleimon, Limassol 08:30-18:30 Cultural Center Mesa...

Israel, Denmark to vaccinate all athletes for Tokyo Olympic Games

Several countries, including Israel and Denmark, said on Wednesday they would vaccinate their athletes and staff against COVID-19 ahead of the Tokyo Olympics, amid...

UK AstraZeneca vaccine plant partially evacuated over suspect package

A factory in Wales that produces AstraZeneca's COVID-19 vaccine was partially evacuated on Wednesday after it received a suspicious package and police said a...

43-year-old arrested for speeding

Members of the Police arrested this morning a 43-year-old man who was seen speeding at the Nicosia-Larnaca road near Koshi village. The man was stopped...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...