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Former Senator Pat Toomey responds to Republican calls for the Federal Reserve (including Powell's successor) to set interest rates at the President's request:
"This is a very dangerous thing."
"I think what he wants makes no sense," and it does not even align with his political interests.
When asked if he thinks the Federal Reserve's cost overruns could be a reason to remove Powell, Trump said, "I don't want to put it in that category."
Costs "are out of control, that certainly has happened."
A reporter asked Trump again why he doesn't try to replace Powell before his term ends:
"Doing so would be a big move, but I don't think it's necessary."
"I believe the chairman will do the right thing."
Former Senator Pat Toomey responds to Republican calls for the Federal Reserve (including Powell's successor) to set interest rates at the President's request:
"This is a very dangerous thing."
"I think what he wants makes no sense," and it does not even align with his political interests.
When asked if he thinks the Federal Reserve's cost overruns could be a reason to remove Powell, Trump said, "I don't want to put it in that category."
Costs "are out of control, that certainly has happened."
A reporter asked Trump again why he doesn't try to replace Powell before his term ends:
"Doing so would be a big move, but I don't think it's necessary."
"I believe the chairman will do the right thing."
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