Trump Asked: 'Are You Saying You Want To Investigate The Fed Chair For Fraud' Over Renovation?

Speaking to reporters in the Oval Office, President Trump was asked about Fed Chair Jerome Powell possibly being under investigation.

Transcript

00:00Yeah, go ahead.

00:00Mr. President, there's lots of reports coming into this meeting that you planned on firing Fed Chair Jay Powell, Markets Reactor.

00:09Is that right? Those are reports, but they're not true.

00:11So what would be useful to know, are you committed to picking someone from the outside?

00:15Are you going to interview individuals that are on the board right now?

00:17I have so many people that want that job.

00:19I have people that I've known a long time, they're calling me, begging for the job.

00:24You know what you need there? A smart person with common sense.

00:27But you need a very smart person for that job.

00:30I think it's one of the easiest jobs in government.

00:33You show up once a month and you make a statement about where the economy is going,

00:37and we're going to raise or lower interest rates.

00:39It's probably the easiest job I've ever seen.

00:42That's why I'm trying to figure, why does he want to expand and add more people?

00:46He's going to add more economists to tell him what to do.

00:49But the economists, I was right, all the economists were wrong.

00:52They admitted it this morning.

00:55Wyatt, Wyatt, Wyatt. Go ahead.

00:57Mr. President, on Jerome Calderon, you mentioned fraud in an earlier answer.

01:01Are you saying you want to investigate the Fed chair for fraud related to this renovation?

01:05Well, I think he's already under investigation.

01:08He spent far more money than he was supposed to on rebuilding.

01:12I didn't see him as being the kind of guy that would want to have parks, rooftop parks and everything else on top of buildings.

01:19But who wants to spend that money for the Fed?

01:23The Fed is supposed to sit there and say where interest rates are going and a couple of other very easy things to do.

01:29And he spent two and a half billion dollars.

01:31I think he's, you know, I think he's got some problems.

01:34I think he's got some problems.