President Trump posts a long rant about Fed Chair Jerome Powell:
“Powell ‘Mr. Too Late’ is once again complaining about costs – most of which are artificially created by the Biden administration – but the truth is, he could do the single most helpful thing for America by cutting interest rates.
If he brought rates down to where they belong — around 1% to 2% — that idiot could help the U.S. save up to $1 trillion a year!
I understand that my harsh criticism might make him reluctant to act, but I’ve tried everything — I’ve been nice, I’ve been neutral, I’ve been tough — and nothing works!
He’s a fool, openly anti-Trump, and should never have been appointed. I listened to someone I shouldn’t have — and Biden never should have reappointed him.
Right now, we have virtually no inflation, the economy is strong, and it would be even better with tariff revenue coming in and factories springing up all over America — better than ever!
If Powell is truly concerned about inflation or anything else, then just cut interest rates — lower borrowing costs.
If there’s a problem later, raise them again! Don’t talk about ‘possible future inflation’ when there is none now! If it comes, deal with it then!
We should be leading the world, not lagging behind!
I don’t understand why the Board hasn’t gotten rid of this TOTAL FOOL!
I might have to change my mind and fire him. Anyway, his term is almost over!”
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