Trump laments his lack of China-style control of the US Federal Reserve system

[Borealis]

https://www.bloomberg.com/news/articles/2019-06-10/trump-laments-lack-of-china-like-control-over-fed-in-trade-war?srnd=politics-vp

President Donald Trump renewed his attack on the Federal Reserve, complaining it doesn’t “listen” to him and contrasting that lack of obedience with the control that China’s leader wields
over its central bank.

“The head of the Fed in China is President Xi,” Trump told CNBC television in a telephone interview Monday. “He can do whatever he wants. They devalue. They loosen” monetary policy to
help offset the burden of tariffs, he said. The People’s Bank of China lacks the political independence of counterparts like the Fed, meaning Chinese President Xi Jinping and his
colleagues must approve major PBOC decisions.

Trump’s broadside comes a week before the Fed meets in Washington, when it’s expected to discuss whether an interest-rate cut is needed to help offset an economic slowdown caused
by his trade war. His latest assault on the U.S. central bank returned to his argument that it should aid his trade war with China, a sensitive topic among U.S. allies who worry about
monetary policy being used for foreign policy goals.

The Trump administration last month signaled intent to turn the $5.1 trillion-a-day global currency market into the next battlefield of his trade war with a Commerce Department plan that
would allow the U.S. to apply countervailing tariffs on nations seen to be actively driving down their currencies to boost exports.

Trump has been stymied in recent months in his attempts to install political loyalists on the Fed board following his picks of Chairman Jerome Powell and Vice Chairman Richard Clarida,
who both earned bipartisan support in the Senate. He continues to talk about the central bank in terms of personal loyalty.

[Sableye]

You had 3 seats given to you by fucking mitch mcconnell and its not enough. Most presidents are lucky to get 1 appointee on it.

[Helix Snake]

TRUMP THE WHOLE REASON YOU'RE DOING TARIFFS ON CHINA IS BECAUSE THEY'RE DOING THE BULLSHIT YOU NOW WANT TO DO YOURSELF
FUCK OFF

[elix]

Just another thing to throw on the pile of evidence that Donnie wants to be a dictator and exercise unquestioned control.

[Judas]

I knew he was a damn commie this whole time!

[Solokiller]

I hope that asshole dies of cheeseburger overdose soon because this just keeps getting worse.

[SundayRoast]

Wouldn't be surprised if next he'd start lamenting not being able to assassinate political opponents and sell their organs for profit.

[Peachy]

Thank fucking god he doesn't, he'd literally destroy the economy instead of just metaphorically.

[TheTalon]

Damn I hope I go out that way

[artdeco]

when will we be done with these bastards