Former U.S. Treasury Secretary: Trump angrily criticizes Powell just to shake off the blame, the next Federal Reserve chairman will still choose the "mainstream"
On the 1st of the 6th, former U.S. Treasury Secretary Summers pointed out that Trump frequently criticized Federal Reserve Chairman Powell for refusing to cut interest rates. In fact, he was setting a "scapegoat" for future economic recession and trying to shift the responsibility to the Federal Reserve rather than its own policies. Despite Trump's high-profile pressure, Summers predicted that he would eventually nominate a respected "mainstream" figure to replace Powell to avoid market turmoil. (News from Wall Street)
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