FILE – On this December 1, 2020, file photo, Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. During an interview broadcast on Sunday, April 11, 2021, on CBS “60 Minutes”, Powell said that the US economy is ready for an extended period of strong growth and employment, although the coronavirus still poses a risk. (Al Drago / The New York Times via AP, Pool, File)
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UPDATED 9:13 AM PT – Wednesday, April 14, 2021
Trump’s former trade adviser, Peter Navarro, recently condemned Jerome Powell as “the worst Federal Reserve chairman in modern history.”
On Tuesday, Navarro reacted to Powell’s 60-minute interview, in which he admitted that the system is rigged against Americans every day. He said Powell’s interview was the inside joke of all corporate media, while he blamed the country’s money problems on blue-collar workers.
In a conversation with Scott Pelley about the economic outlook, Powell also commented on the consequences of the collapse of Archegos Capital, last year’s bailout of money market funds and the potential development of a US digital dollar. https://t.co/WO4NFkdqED
– 60 minutes (@ 60 minutes) April 13, 2021
Navarro said Powell is doing nothing to help Americans compete in the global economy and, in turn, is helping push U.S. jobs abroad.
“People who control this government believe that whenever your salaries increase, they will send our services abroad so that people have cheap nonsense at Walmart,” the former commercial adviser said. “Even if they don’t have a salary, they have cheap crap at Walmart.”
Navarro went on to stress President Trump’s efforts to support the blue-collar Americans, while suggesting that he is the only modern president who actually cares.