WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell confirmed Tuesday he will not lower interest rates until he can be sure it won't help President Trump.
Trump has repeatedly called on Powell to resign, citing his reluctance to reduce the federal funds rate and stimulate economic growth. But Powell has repeatedly said he will not cut rates until he can be assured such an action will not make Trump or his economy look good in any way.
"I am but a humble public servant, and I will do everything in my power to make sure people never think Trump is doing a good job with the economy," said Powell. "This is what democracy is all about. You should all be happy paying your 12% interest rates on loans if it helps stop this evil president."
According to Trump, the Federal Reserve cutting inte