In-town pool report #15

From: Chris Johnson <cjohnson@washblade.com [cjohnson@washblade.com]>
Date: October 9, 2018 at 5:17:54 PM EDT
Subject:In-town pool report #15

Another POTUS quote from the South Lawn in response to the Federal Reserve
raising interest rates:
“The Fed is doing what they think is necessary, but I don’t like what they’re
doing because we have inflation really [checked?] and we have a lot of good
things happening so I will say this we’re normalizing money, and that’s good,
but I think we don’t have to go as fast. I want to be able to pay off debt.
Also, and very importantly, I think that the numbers that we’re producing are
record-setting. I don’t want to slow it down even a little bit, especially when
you don’t have the problem of inflation, and you don’t see that inflation coming
back. Now, at some point you will, and you go up. I just don’t think it’s
necessary to go as fast.”

On Chairman Powell: “I have not spoken to him about it. I like to stay
uninvolved.”

This exchange was inaudible to pooler because of the noise from the engine of
Marine One. Thanks to Politico’s Victoria Guida for this transcription.


Chris JohnsonWashington Blade
Chief Political & White House ReporterFollow me on Twitter:
>https://twitter.com/chrisjohnson82< [>https://twitter.com/chrisjohnson82<]