Trump criticizes Federal Reserve Chairman Powell, potential impact on future nominee. According to BlockBeats, U.S. President Donald Trump described Federal Reserve Chairman Jerome Powell as a "big loser." However, the greater consequences of Trump's conflicts with the Federal Reserve may affect his choice of Powell's successor next year. Trump's attempts to influence policy by criticizing the Federal Reserve may cast "doubt" on his nominee. Lawrence Summers, who served as Treasury Secretary under President Clinton from 1999 to 2001, commented that public criticism of the Federal Reserve by presidents is unwise. He noted that the Federal Reserve either ignores such statements or feels pressure to prove its independence, which could lead to maintaining or increasing short-term interest rates. $BTC $TRUMP $PEPE #BTCvsMarkets #TRUMP