Trump Calls Fed Chair Powell a 'Real Stiff'

Summary

Donald Trump speaks at the Detroit Economic Club, criticizing Fed Chair Jerome Powell and the Fed's interest-rate policy. He argues that good economic news should lead to lower rates and a rising stock market, rather than rate hikes that kill rallies. Trump calls for a return to an 'old standard' and says US growth potential is unlimited if policymakers return to sanity.

• Trump calls Fed Chair Jerome Powell a 'real stiff' and criticizes the Fed's rate hikes.
• He argues good economic numbers should lead to lower interest rates, not higher rates.
• He says the stock market should rally on good news instead of falling on rate-hike fears.
• Trump wants the Fed to lower rates when the market rises and the country strengthens.
• He calls for a return to an 'old standard' where good news lifts markets.
• He claims US growth potential is unlimited and could be much higher with saner policy.