Trump on Fed Chair Jerome Powell: 'He's my pick, and I disagree with him entirely'

The president told ABC News' chief anchor George Stephanopoulos that the market would be stronger if "we had a different person in the Federal Reserve who wouldn't have raised interest rates so much."
2:18 | 06/14/19

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Transcript for Trump on Fed Chair Jerome Powell: 'He's my pick, and I disagree with him entirely'
We have great numbers of companies it was. Frankly we had a different person than the Federal Reserve that wouldn't have raised interest rates so much who have been at least of which. Interior three point Tuesday he's with the way we do feel some people in this. He's my pick in. I disagree with him into early stimulus independent. As they ask you what do you make of the critics say it's just the program. Hello to you are available they say is just think it's. It was deployed very much a part of the administration from. Tell them that. Seven we have no idea how important it is but I'm not happy what he's not happy with the fact that. Quantitative tightening. Now he doesn't make that decision himself and I would think that candidates that are easier to not happy note if you re concerned putting them well let's yes I do. Do it anyway because. And legal and if he did the interest rate increase is half as much. If he didn't tightening technique is taking money and it. And details. So that people can't use it to work doing what they're doing. Quantitative tightening if he'd do tightening he did nothing for. Perhaps even loose and we would be in my opinion just opinion 101000 points. Already very high right now we're. From the time I get elected we're we're almost 50%. This. Good if he didn't do with the tightening and he didn't do so much of its okay to raise interest rates. The so much it would have been. It would have been even better security and counterintelligence thing that I don't like is when you raise interest rates is no inflation has virtually no inflation. When you raise interest rates in Japan England and I inherited boom was 21 trillion dollars in debt inherited. Prisoner Obama and Biden. They doubled the debt during there eight years. And it's big your children have to rebuild the military they do believe that doing. They double the net and on conscience. I took over military that was totally depleted I have to rebuild.

This transcript has been automatically generated and may not be 100% accurate.

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