May

Trump: If the Federal Reserve lowers interest rates to 1%-2%, he may "not fire" Powell

ChainCatcher news, according to Jinshi Data, U.S. President Trump posted on social media: "Mr. Powell complains about cost issues, which are largely caused by Biden's false 'government.' But he could have done the greatest and most outstanding work for our country by helping to lower interest rates—if he could bring interest rates down to a reasonable level of 1% to 2%, then this 'fool' could save the United States up to $1 trillion a year.I fully understand that my strong criticism makes it harder for him to do what he should do (i.e., lower interest rates), but I have tried all different ways. I have been friendly, I have remained neutral, and I have been sharp-tongued—but friendliness and neutrality don't work! He is a stupid guy and clearly my opponent; he shouldn't be in that position at all. I listened to the wrong people back then, and Biden shouldn't have reappointed him. We currently have almost no inflation, our economy is performing very well, and with the influx of huge tariff revenues and factories being built across the country, the economy will soon be more prosperous than ever.If he really cares about inflation or any other issues, he just needs to lower interest rates so we can benefit from the interest costs; if those 'other factors' really appear in the future (I doubt it!), then he can raise rates. But don't say you think inflation will appear at some point in the future because it isn't here now—but if it does appear, then raise rates! I don't understand why the committee doesn't overturn this complete fool! Maybe, just maybe, I need to change my mind about firing him? But anyway, his term is about to end soon!"
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