Mnuchin Says He Didn’t Recommend ‘Wrong Person’ in Fed’s Powell

Treasury Secretary Steven Mnuchin said he was right to recommend Jerome Powell as Federal Reserve chairman despite President Donald Trump’s frequent criticism of the central bank leader. “I don’t feel like I picked the wrong person,” Mnuchin said Wednesday in an interview on CNBC. The Fed’s interest rate increases in 2018 outraged the president, who went so far as to discuss firing Powell with his advisers late in the year.

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