According to Jinshi data reports, U.S. President Trump criticized Federal Reserve Chairman Powell on social media for failing to lower interest rates to a reasonable level of 1% to 2%, stating that this move could save the U.S. up to $1 trillion each year.
Trump stated that he had tried to influence Powell in different ways, including being friendly, remaining neutral, and being sharp in his words, but none of these worked. He believes Powell should not hold his current position and criticized Biden for reappointing him.
Trump believes that there is almost no inflation in the U.S. right now, the economy is performing well, and he suggested raising interest rates only if inflation occurs in the future. He questioned why the committee does not overturn Powell and is considering changing his mind about firing him.