{"id":30965,"date":"2025-07-17T20:54:42","date_gmt":"2025-07-17T20:54:42","guid":{"rendered":"https:\/\/usdailys.com\/?p=30965"},"modified":"2025-07-17T20:54:42","modified_gmt":"2025-07-17T20:54:42","slug":"trump-slams-biden-for-decision-that-trump-actually-made-in-2017","status":"publish","type":"post","link":"https:\/\/usdailys.com\/?p=30965","title":{"rendered":"Trump Slams Biden for Decision That Trump Actually Made in 2017"},"content":{"rendered":"<div class=\"loc article-header\">\n<div id=\"people-article-header_1-0\" class=\"comp people-article-header mntl-article-header\">\n<h1 class=\"article-heading text-headline-300\">Trump Slams Biden for Decision That Trump Actually Made in 2017<\/h1>\n<p class=\"article-subheading text-utility-300\">Trump blamed his predecessor for appointing a &#8220;terrible&#8221; Federal Reserve chair. Except Biden wasn&#8217;t the president who handed Jerome Powell the job<\/p>\n<\/div>\n<\/div>\n<div class=\"loc article-content\">\n<div id=\"article__primary-video-container_1-0\" class=\"comp article__primary-video-container mntl-block\">\n<div id=\"article__primary-video-jw_1-0\" class=\"comp article__primary-video-jw mntl-jwplayer mm-video lazyload right-rail__offset aspectratio-16:9\" data-bgset=\"https:\/\/cdn.jwplayer.com\/v2\/media\/BfIRIcPs\/thumbnails\/5l2l5xbn.jpg\" data-sizes=\"auto\"><\/div>\n<\/div>\n<div id=\"article-content_1-0\" class=\"comp article-content mntl-block\">\n<div id=\"mntl-sc-page_1-0\" class=\"comp mntl-sc-page mntl-block structured-content\" data-sc-sticky-offset=\"90\" data-sc-ad-label-height=\"24\" data-sc-ad-track-spacing=\"100\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"4\" data-sc-content-positions=\"[1, 1250, 1550, 1950, 2350, 2750, 3150, 3550, 3950]\" data-bind-scroll-on-start=\"true\">\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block people-sc-block-callout mntl-sc-block-universal-callout theme-needtoknow\" data-tracking-id=\"mntl-sc-block-callout\" data-tracking-container=\"true\">\n<h3 class=\"mntl-sc-block-universal-callout__heading\">NEED TO KNOW<\/h3>\n<div class=\"mntl-sc-block-universal-callout__body\">\n<ul>\n<li>President Donald Trump blamed his predecessor, Joe Biden, for appointing the &#8220;terrible&#8221; Jerome Powell as chairman of the Federal Reserve<\/li>\n<li>However, Powell was first tapped for the role in 2017 by Trump himself, and Biden simply agreed to extend the chair&#8217;s tenure past 2022<\/li>\n<li>Trump&#8217;s open desire for a different central bank leader has sparked bipartisan backlash, as the Federal Reserve has long been considered politically independent<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block mntl-sc-block-html\"><a href=\"https:\/\/people.com\/tag\/donald-trump\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">Donald Trump<\/a> is criticizing his predecessor&#8217;s choice of Federal Reserve chairman \u2014\u00a0though he seems to have forgotten one important detail.<\/p>\n<div id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_4-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">During a recent Oval Office meeting, the president <a href=\"https:\/\/bsky.app\/profile\/thebulwark.com\/post\/3lu3tm6j3by2u\" rel=\"nofollow\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"1\">lamented<\/a> the appointment of <a href=\"https:\/\/www.federalreservehistory.org\/people\/jerome-h-powell\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"2\">Jerome Powell<\/a> to lead the United States&#8217; central bank, wrongfully pinning the decision on <a href=\"https:\/\/people.com\/tag\/joe-biden\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"3\">Joe Biden<\/a>.<\/p>\n<div id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_6-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">&#8220;He&#8217;s a terrible, he&#8217;s a terrible Fed chair,&#8221; Trump, 79, said on Wednesday, July 16. &#8220;I was surprised he was appointed. I was surprised, frankly, that Biden put him in and extended him.&#8221;<\/p>\n<div id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_8-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">While it&#8217;s true that Biden extended Powell&#8217;s chairmanship past 2022, Trump is the one who hand-selected Powell for the gig during his first term.<\/p>\n<div id=\"mntl-sc-block_9-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<figure id=\"mntl-sc-block_10-0\" class=\"comp mntl-sc-block people-sc-block-image mntl-sc-block-image mntl-sc-block-image--no-theme no-theme figure-landscape figure-high-res\">\n<div class=\"figure-media\">\n<div class=\"img-placeholder\" style=\"padding-bottom: 66.6%;\"><img loading=\"lazy\" decoding=\"async\" id=\"mntl-sc-block-image_1-0\" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\" src=\"https:\/\/people.com\/thmb\/Ry0qrOZrqkyCbTwPVwfcXc7uyMg=\/4000x0\/filters:no_upscale():max_bytes(150000):strip_icc():focal(749x0:751x2)\/donald-trump-Jerome-Powell-071725-63f40707fa8c4ba396ec07b1508dd439.jpg\" alt=\"President Donald Trump shakes hands with his nominee for the chairman of the Federal Reserve Jerome Powell during a press event in the Rose Garden at the White House, November 2, 2017 \" width=\"1500\" height=\"1000\" data-srcset=\"https:\/\/people.com\/thmb\/Ry0qrOZrqkyCbTwPVwfcXc7uyMg=\/4000x0\/filters:no_upscale():max_bytes(150000):strip_icc():focal(749x0:751x2)\/donald-trump-Jerome-Powell-071725-63f40707fa8c4ba396ec07b1508dd439.jpg 4000w\" data-sizes=\"4000px\" data-expand=\"300\" data-tracking-container=\"true\" data-img-lightbox=\"true\" data-click-tracked=\"true\" \/><noscript><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/people.com\/thmb\/Ry0qrOZrqkyCbTwPVwfcXc7uyMg=\/4000x0\/filters:no_upscale():max_bytes(150000):strip_icc():focal(749x0:751x2)\/donald-trump-Jerome-Powell-071725-63f40707fa8c4ba396ec07b1508dd439.jpg\" width=\"1500\" height=\"1000\" alt=\"President Donald Trump shakes hands with his nominee for the chairman of the Federal Reserve Jerome Powell during a press event in the Rose Garden at the White House, November 2, 2017 \" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\"><br \/>\n<\/noscript><\/div>\n<\/div><figcaption id=\"mntl-figure-caption_1-0\" class=\"comp mntl-figure-caption text-utility-100 figure-article-caption\"><span class=\"figure-article-caption-text\">President Donald Trump shows off Jerome Powell, his nominee for Federal Reserve chair, at a White House Rose Garden event on Nov. 2, 2017.<\/span>Drew Angerer\/Getty<\/p>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_11-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">During a <a href=\"https:\/\/rollcall.com\/factbase\/trump\/transcript\/donald-trump-remarks-jerome-powell-fed-chair-november-2-2017\/\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"1\">nomination speech<\/a> on Nov. 2, 2017, Trump said that he wanted to install Powell as the Federal Reserve chairman because the country needed someone who could provide &#8220;sound monetary policy and prudent oversight of our banking system.&#8221;<\/p>\n<div id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_13-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">&#8220;I have nominated [Powell] to be our next federal chairman, and it&#8217;s so important because he will provide exactly that type of leadership,&#8221; Trump said at the time. &#8220;He&#8217;s strong. He&#8217;s committed. He&#8217;s smart. And, if he is confirmed by the Senate, [he] will put his considerable talents and experience to work, leading our nation&#8217;s independent central bank, which has the critical responsibility to set monetary policy and monitor our banking system as a whole.&#8221;<\/p>\n<div id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_15-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">Trump added: &#8220;I am confident that Jay has the wisdom and leadership to guide our economy through any challenges that our great economy may face.&#8221;<\/p>\n<div id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">Powell was confirmed as the Federal Reserve chairman by an 84-13 Senate vote in January 2018 and assumed the position on Feb. 5, 2018.<\/p>\n<div id=\"mntl-sc-block_18-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<div id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block people-sc-block-spotlight--mid-circ mntl-sc-block-spotlight--mid-circ mntl-block\">\n<h2 id=\"midcirc__heading_1-0\" class=\"comp midcirc__heading mntl-text-block\">Related Stories<\/h2>\n<div id=\"midcirc__card-list_1-0\" class=\"comp midcirc__card-list mntl-block\">\n<div id=\"midcirc-card__title_1-0\" class=\"comp midcirc-card__title mntl-text-block\">Trump White House Prepares to Lay Off More Than 1,000 State Department Workers Amid Multiple Global Conflicts<\/div>\n<div id=\"midcirc-card__image-wrapper_1-0\" class=\"comp midcirc-card__image-wrapper mntl-block\">\n<div class=\"img-placeholder\" style=\"padding-bottom: 66.6%;\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\" src=\"https:\/\/people.com\/thmb\/tyoc2GOFgRvCHwrJRzfJnmK3Tmw=\/300x200\/filters:no_upscale():max_bytes(150000):strip_icc()\/donald-trump-071125-f405172cc33442c896ead5350546b00c.jpg\" alt=\"US President Donald Trump (L) flanked by US Secretary of State Marco Rubio, attends a press conference during the North Atlantic Treaty Organization (NATO) summit in The Hague on June 25, 2025\" width=\"300\" height=\"200\" \/><noscript><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/people.com\/thmb\/tyoc2GOFgRvCHwrJRzfJnmK3Tmw=\/300x200\/filters:no_upscale():max_bytes(150000):strip_icc()\/donald-trump-071125-f405172cc33442c896ead5350546b00c.jpg\" width=\"300\" height=\"200\" alt=\"US President Donald Trump (L) flanked by US Secretary of State Marco Rubio, attends a press conference during the North Atlantic Treaty Organization (NATO) summit in The Hague on June 25, 2025\" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\"><br \/>\n<\/noscript><\/div>\n<\/div>\n<div id=\"midcirc-card__title_2-0\" class=\"comp midcirc-card__title mntl-text-block\">Trump Administration Will Burn 500 Tons of Food Meant to Feed 1.5 Million Children<\/div>\n<div id=\"midcirc-card__image-wrapper_2-0\" class=\"comp midcirc-card__image-wrapper mntl-block\">\n<div class=\"img-placeholder\" style=\"padding-bottom: 66.6%;\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\" src=\"https:\/\/people.com\/thmb\/VytcYMUSLRqQnFa1z14XTHen1cU=\/300x200\/filters:no_upscale():max_bytes(150000):strip_icc()\/donald-trump-usaid-food-071625-6209642d65b44738bd4e6c88c3819230.jpg\" alt=\"Donald Trump; USAID logo on box of food\" width=\"300\" height=\"200\" \/><noscript><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/people.com\/thmb\/VytcYMUSLRqQnFa1z14XTHen1cU=\/300x200\/filters:no_upscale():max_bytes(150000):strip_icc()\/donald-trump-usaid-food-071625-6209642d65b44738bd4e6c88c3819230.jpg\" width=\"300\" height=\"200\" alt=\"Donald Trump; USAID logo on box of food\" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\"><br \/>\n<\/noscript><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"mntl-sc-block_20-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">Flash forward nearly eight years, and Trump&#8217;s open desire for a different Federal Reserve chairman has come under bipartisan fire, after multiple media reports alleged that the president was looking to force him out.<\/p>\n<div id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_23-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">Long thought to be an institution independent of politics, the Federal Reserve was <a href=\"https:\/\/www.federalreservehistory.org\/essays\/federal-reserve-history\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"1\">created<\/a> with the stability of the country&#8217;s economy in mind \u2014\u00a0and abruptly changing its leadership for a political motive would likely do the opposite, <a href=\"https:\/\/apnews.a\/article\/trump-powell-congress-federal-reserve-2b6f104028489d8051d7ac27492298eb\" rel=\"nofollow\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"2\">The Associated Press<\/a> noted.<\/p>\n<div id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<figure id=\"mntl-sc-block_25-0\" class=\"comp mntl-sc-block people-sc-block-image mntl-sc-block-image mntl-sc-block-image--no-theme no-theme figure-landscape figure-high-res\">\n<div class=\"figure-media\">\n<div class=\"img-placeholder\" style=\"padding-bottom: 66.6%;\"><img loading=\"lazy\" decoding=\"async\" id=\"mntl-sc-block-image_2-0\" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\" src=\"https:\/\/people.com\/thmb\/DV2hSmSAiz9TIUSe4p1MhM83R-g=\/4000x0\/filters:no_upscale():max_bytes(150000):strip_icc():focal(658x140:660x142)\/donald-trump-joe-biden-071725-5b392a44413641e3846da747b4625385.jpg\" alt=\"President Donald Trump looks on following the FIFA Club World Cup 2025 final match between Chelsea FC and Paris Saint-Germain at MetLife Stadium on July 13, 2025; U.S. President Joe Biden concludes his address to the nation from the Oval Office of the White House on July 24, 2024 \" width=\"1500\" height=\"1000\" data-srcset=\"https:\/\/people.com\/thmb\/DV2hSmSAiz9TIUSe4p1MhM83R-g=\/4000x0\/filters:no_upscale():max_bytes(150000):strip_icc():focal(658x140:660x142)\/donald-trump-joe-biden-071725-5b392a44413641e3846da747b4625385.jpg 4000w\" data-sizes=\"4000px\" data-expand=\"300\" data-tracking-container=\"true\" data-img-lightbox=\"true\" data-click-tracked=\"true\" \/><noscript><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/people.com\/thmb\/DV2hSmSAiz9TIUSe4p1MhM83R-g=\/4000x0\/filters:no_upscale():max_bytes(150000):strip_icc():focal(658x140:660x142)\/donald-trump-joe-biden-071725-5b392a44413641e3846da747b4625385.jpg\" width=\"1500\" height=\"1000\" alt=\"President Donald Trump looks on following the FIFA Club World Cup 2025 final match between Chelsea FC and Paris Saint-Germain at MetLife Stadium on July 13, 2025; U.S. President Joe Biden concludes his address to the nation from the Oval Office of the White House on July 24, 2024 \" style=\"max-width: 100%; height: auto; display: block; margin: 1em auto;\"><br \/>\n<\/noscript><\/div>\n<\/div><figcaption id=\"mntl-figure-caption_2-0\" class=\"comp mntl-figure-caption text-utility-100 figure-article-caption\"><span class=\"figure-article-caption-text\">Donald Trump and Joe Biden.<\/span>Chris Brunskill\/Fantasista\/Getty; Evan Vucci-Pool\/Getty<\/p>\n<\/figcaption><\/figure>\n<p id=\"mntl-sc-block_26-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">\u201cThe markets expect an independent, central bank,\u201d said GOP South Dakota Sen. Mike Rounds, per AP. \u201cAnd if they thought for a minute that he wasn\u2019t independent, it would cast a spell over the forecasts and the integrity of the decisions being made by the bank.\u201d<\/p>\n<div id=\"mntl-sc-block_27-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_28-0\" class=\"comp mntl-sc-block mntl-sc-block-html\"><strong>Never miss a story \u2014 sign up for\u00a0<a href=\"https:\/\/people.com\/people-news-daily-newsletter-sign-up-8692701\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">PEOPLE&#8217;s free daily newsletter<\/a>\u00a0to stay up-to-date on the best of what PEOPLE has to offer\u200b\u200b, from celebrity news to compelling human interest stories.<\/strong><\/p>\n<div id=\"mntl-sc-block_29-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_30-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">Trump&#8217;s primary grievance against Powell is the chairman&#8217;s supposed refusal to lower interest rates, per <em><a href=\"https:\/\/www.nytimes.com\/2025\/07\/17\/business\/trump-powell-federal-reserve-higher-rates.html\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"externalLink\" data-ordinal=\"1\">The New York Times<\/a> \u2014\u00a0<\/em>though the power to do so actually rests with investors and the 12-member board that Powell presides over.<\/p>\n<div id=\"mntl-sc-block_31-0\" class=\"comp mntl-sc-block mntl-sc-block-adslot mntl-block\"><\/div>\n<p id=\"mntl-sc-block_32-0\" class=\"comp mntl-sc-block mntl-sc-block-html\">The president&#8217;s remarks against Powell come amid an ongoing trade war due to Trump&#8217;s tariffs, which have contributed to economic uncertainty in the United States since Trump&#8217;s second term began.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump Slams Biden for Decision That Trump Actually Made in 2017 Trump blamed his predecessor for appointing a &#8220;terrible&#8221; Federal Reserve chair. Except Biden wasn&#8217;t the president who handed Jerome &hellip; <\/p>\n","protected":false},"author":2,"featured_media":30966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/30965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30965"}],"version-history":[{"count":1,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/30965\/revisions"}],"predecessor-version":[{"id":30967,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/30965\/revisions\/30967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/media\/30966"}],"wp:attachment":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}