He's not a fan of Trump telling the Fed what to do "That's according to veteran investment banker and philanthropist John Studzinski, who argues that Fed Chairman Jerome Powell won't bow down to pressure from the president to halt interest rate rises.
"He's not going to blink and he's going to keep his own advice with respect to what he does with his rate rises over the next 12 months," Studzinski, managing director and vice chairman of Pimco, told CNBC's Steve Sedgwick and Geoff Cutmore.
The Pimco executive made the comments during an interview a week prior to the Fed's decision on Dec. 19 to hike rates for the fourth time this year.
"To a certain extent," he continued, "any comment that Mr Trump makes about this may work to the other effect, which is he might cause the Fed to reassert itself and be even more independent."
https://www.cnbc.com/2018/12/24/trump-fed-criticisms-may-cause-it-to-reassert-itself-studzinski.html