Former president Donald Trump has criticized Federal Reserve chair Jerome Powell for being “too interest rate happy” while taking aim at the government-aided bailout of Silicon Valley Bank (SVB).
In an interview with Fox News host Sean Hannity that aired on Monday, Trump was asked whether he would have supported the bailout of SVB after it collapsed, referring to the government intervening to ensure that uninsured deposits at the bank are returned to customers.
“I wouldn’t have supported a bailout. The bank would have to get along by itself, and maybe they could have,” Trump said, before citing high interest rates as the reason for the institution’s collapse….}