Trump says didn't threaten to demote Federal Reserve chief but has right

Donald Trump repeats his criticism of Jerome Powell's actions as Federal Reserve chairman.

President Donald Trump denied that he’d threatened to demote US Federal Reserve Chairman Jerome Powell but said he’d “be able to do that if I wanted.”

Trump repeated his criticism of Powell’s actions as Fed chief in an interview with NBC’s “Meet the Press,” conducted Friday and set to air on Sunday.

“I’m not happy with his actions,” Trump said of Powell, according to a transcript provided by the network. “No, I don’t think he’s done a good job.”

Trump has spent months criticising Powell, whom he picked to replace Janet Yellen as Fed chair, for raising interest rates, in his view, too