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Former Federal Reserve Chairman  Paul  Volcker told Bridgewater co-chief investment officer Ray Dalio, in a podcast video released on Tuesday, he is unhappy with the Trump administration’s handling of domestic issues as well as trade talks with China, as it is hurting the US’ long-term prosperity, Reuters reports.

Key Quotes:

“We have not been on a constructive track.”  

“I think that’s fair to say.”

“We rammed through a massive tax bill. Whatever you think about that tax bill, it shouldn’t have been rammed through Congress without any debates at midnight on Dec. 31.”

“The true test of good government is its ability to administer” which “we lapse in.”

“It sounds terrible but I respond more favorably to what the president of China is saying than the president of the United States.”

“The president of China, at least, says he’s looking forward to a harmonious relationship over time…But looking for peaceable outcomes, where we are all threats and demands, so it’s a different story being told.”