At IMF-World Bank meetings, Powell praised as Trump calls Fed 'crazy'


NUSA DUA, Indonesia (Reuters) – The Bank of England governor and the head of the International Monetary Fund praised the abilities of Federal Reserve Chairman Jerome Powell on Thursday, after U.S. President Donald Trump said the Fed had “gone crazy” by raising interest rates.

IMF Managing Director Christine Lagarde attends a news conference during International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 11, 2018. REUTERS/Johannes P. Christo

Speaking on a panel at this week’s International Monetary Fund and the World Bank meetings in Bali, Governor Mark Carney was asked about Trump’s remarks.

“Of the many qualities of Jerome Powell is he’s an individual who really understands the plumbing of the U.S. and the global financial system,” Carney said.

“And that’s an incredible advantage for the system at a time that the system is changing to have someone in his position who has that level of technocratic expertise,”…

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