🇺🇸 Trump continued to criticize Fed Chairman Jerome Powell – calling him “Mr. Too Late” – for not lowering interest rates.
He said that if the Fed cuts, the US could sharply reduce both short-term and long-term borrowing costs, especially with the debt maturing due to the Biden administration borrowing mainly on short-term terms.
Trump emphasized that inflation is almost gone now, and if it returns, all you need to do is raise interest rates to deal with it – “very simple!”
According to him, Powell is costing the US billions of dollars and borrowing costs should be much lower.