At IMF meetings in Bali, Lagarde said she “would not associate” Fed chair Jerome Powell “with craziness.”
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U.S. President Donald Trump launched another tirade against the Federal Reserve Thursday, calling its interest rate increases a "ridiculous" policy that makes it more expensive for his administration to finance its deficits.Past U.S. presidents have criticized the central bank, but this was an unusual run of invective even for Trump.A Fed official said the bank would not comment on Trump's remarks.The Fed raised interest rates last month and is expected to do so again in December. Fed officials including Powell, Trump's handpicked chair, have said they will not be influenced by elected officials, and will make decisions based on data.
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