President Donald Trump is criticizing his hand-picked Federal Reserve chief at a time when interest rates show few signs of hindering the U.S. economic expansion.

“I don't think there is any doubt that interest rates” at current levels are adding stimulus to the economy, said Mark Spindel, co-author of a 2017 book on the central bank. “Trump wants every form of stimulus possible—it's pedal-to-the-metal on fiscal policy, dollar policy, and monetary policy.”

Trump lashed out at the Fed for a second day on Thursday, blaming it for the worst U.S. stock market sell-off since February, though he said he won't fire Chairman Jerome Powell. “They're so tight. I think the Fed has gone crazy,” the president said Wednesday.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.