Mr. Trump frustrated for FRB chairman “If you want to resign, it will not stop” August 24, 15:25
President Trump of the United States showed discomfort to the President of the Federal Reserve Board, Powell, who did not respond to bold demands for rate cuts, saying "If he wants to resign, he will not stop."
FRB chairman Powell spoke on the 23rd in Western Wyoming, expressed strong concern about the global economic situation and suggested the possibility of further rate cuts at the FRB's next month's meeting. Response to demanding rate cuts was avoided.
On top of that, President Powell expressed dissatisfaction with the Trump administration, saying that there is a limit to monetary policy in responding to the economic slowdown caused by trade friction.
On the other hand, President Trump told the reporter on the 23rd, “Powell's remarks are not welcomed. He does not seem to be a very good chess player,” and expressed discomfort.
After that, when a reporter asked if he would ask for Powell's resignation, he said, “If you want, you can't stop it” and clarified the idea that you can't stop if you offer to resign.
Amid the sharp fall in the Dow average share price in the New York stock market against the backdrop of trade friction between the United States and China, President Trump wants to avoid the slowdown of the economy for next year's presidential election, and he will demand a bold rate cut Dissatisfaction with Powell Chairman who does not respond.