In an interview with The Post, Trump blamed the Fed for recent economic setbacks and said he is “not even a little bit happy” with Chairman Jay Powell, whom the president nominated last year. Philip Rucker, Josh Dawsey and Damian Paletta report: “When asked about declines on Wall Street and GM’s announcement that it was laying off 15 percent of its workforce, Trump responded by criticizing higher interest rates and other Fed policies, though he insisted that he is not worried about a recession. … Though Trump said several times in response to a question about emerging cracks in the economy that he wasn’t ‘blaming anybody,’ he clearly assigned blame to Powell for leading the Fed through several interest rate increases this year. ... In Twitter posts Tuesday, issued shortly after his interview with The Post, Trump blamed GM chief executive Mary Barra for the company’s plant closures and layoffs and threatened to strip away any government subsidies for the auto giant.”
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