Mnuchin Praises Fed Chairman Jerome Powell’s ‘Phenomenal’ Work

mnuchin praises fed chairman jerome powells phenomenal work
Mnuchin Praises Fed Chairman Jerome Powell's 'Phenomenal' Work

Treasury Secretary Steven Mnuchin praised Fed Chairman Jerome Powell on Tuesday – just days after President Donald Trump said he was not “thrilled” with the Federal Reserve raising interest rates.

 And asked if the Fed should be “independent,” Trump replied: “I believe in the Fed doing what’s good for the country.”

Speaking on CNBC’s “Squawk Box,” Mnuchin said on Tuesday: “Well, I think, as you know, as treasury secretary, I respect the independence of the Fed. I meet with Jay Powell on a weekly basis we talk about a lot of economic issues it would be inappropriate for me to comment on interest rates in that position.

“But what I would say is I think Jay has been a phenomenal leader at the Fed. I think he understands the issue of growth and he’s carefully monitoring the growth numbers and the inflation numbers and we’ll see. ”

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Author: HEDGE

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