Tuesday, June 11, 2019

Cramer: Trump sees China’s Xi as more of a friend than US Fed chief Powell, whom he actually appointed

Trump talks all aggression one moment, and then gets all friendly the next. But one thing for sure, he doesn't like the Fed chief.

President Donald Trump sees Chinese President Xi Jinpingas more of a friend than the chairman of the Federal Reserve, Jerome Powell, CNBC’s Jim Cramer said Monday.

Among Mexican President Andres Manuel Lopez Obrador, Powell and Xi, Cramer said Trump suggests, by his words, that he believes “Powell is probably the worst for the country” and “Powell is not a friend.”
Trump on CNBC on Monday criticized the Fed for raising interest rates too quickly, calling the four hikes last year “very, very disruptive.”

On Monday, the president also told CNBC that said Xi is “actually an incredible guy ” and they have “a great relationship,” despite the ongoing trade war between Washington and Beijing.


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