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Trump: Getting 'more and more happy' with Fed Chair Powell during pandemic

Reuters
·1-min read
FILE PHOTO: U.S. House of Representatives Financial Services Committee hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), in Washington

WASHINGTON (Reuters) - President Donald Trump on Wednesday indicated he was warming to Federal Reserve Chairman Jerome Powell, whom he has harshly criticized for not cutting lending rates below zero, telling Fox Business Network he appreciated the central bank putting liquidity into the economy during the coronavirus pandemic.

"I would say that I was not happy with him at the beginning. And I'm getting more and more happy with him. I think he's stepped up to the plate. He's done a good job," Trump said but would not answer a question about whether he thought Powell should serve another term. "He's had to liquefy a little bit, let us liquefy, let the economy I mean put out that money that you need."

(Reporting by Lisa Lambert; editing by Jonathan Oatis)