Trump: Fed Chair Jerome Powell Won't Cut Rates Because Of 'Trump Derangement Syndrome'

During a press conference with DHS Sec. Kristi Noem and Gov. Ron DeSantis (R-FL), President Donald Trump spoke Federal Reserve Chair Jerome Powell.

Transcript

00:00Mr. President, do you intend to announce your pick for successor to Jay Powell earlier than, say, or as early as, say, the summer or fall?

00:12Will I do something about who it's going to be?

00:14Yes.

00:15I don't know.

00:15He'd be a good candidate.

00:18She'd be a good candidate.

00:20Anybody would be going to have Jay Powell.

00:23No, it's causing us a fortune because he keeps the rate way up.

00:27I think it's strong derangements in the press.

00:29But, you know, we have a very strong country.

00:31We're the strongest country.

00:32Look, our country right now is at a level that we haven't seen for 40, 50 years.

00:39What we're doing now is nobody's seen anything like it.

00:42I told you, I was with, in the Middle East, the king of Saudi Arabia said to me very strongly.

00:47He said, you know what?

00:48You're going to be a dead country.

00:50Now you have the hottest country in the world.

00:52We do.

00:52We're the hottest country in the world.

00:54Thank you very much.

00:55It looks like Syria.

00:57We'll be seeing it over the next one.

00:59Also, those type of industries.

01:02We'll kill more of right over our side with the person who made here.

01:05All right.