Trump vows not to reopen federal government until wall funding is secured
President Trump said Tuesday that he intends to keep the federal government closed until he secures the desired funding from Congress for his promised border wall, and he cast doubt about the performance of Federal Reserve Board Chair Jerome H. Powell after a sharp downturn in U.S. stock markets.
In an Oval Office appearance on Christmas morning, Trump praised Treasury Secretary Steven Mnuchin despite the stock markets suffering their steepest Christmas Eve decline in decades but was more circumspect about his handpicked Fed chair.
“Well, we’ll see,” Trump said when a journalist asked whether he had confidence in Powell. “They’re raising interest rates too fast, that’s my opinion. But I certainly have confidence. But I think it’ll straighten. They’re raising interest rates too fast because they think the economy is so good. But I think that they will get it pretty soon, I really do.”
As for whether he has confidence in Mnuchin, whose Sunday calls to reassure major bank executives rattled investors and may have exacerbated Monday’s sell-off, Trump told reporters: “Yes, I do. Very talented guy, very smart person.”
https://www.msn.com/en-us/news/politics/trump-vows-not-to-reopen-federal-government-until-wall-funding-is-secured/ar-BBRq1EG?li=BBnb7Kz
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