🇺🇸 PRESIDENT TRUMP CRITICIZES FED CHAIR POWELL AND WANTS INTEREST RATES LOWERED TO ABOUT 1%

In an interview on FOX, President Trump called Fed Chair Jay Powell a "terrible person" and "stupid" for keeping interest rates too high.

He said the U.S. should have interest rates at 1% or 2%, like Switzerland, because U.S. interest rates affect the global economy.

Regarding the upcoming $9 trillion debt maturity, he intends to only refinance short-term instead of locking in high rates for 10 years.

President Trump mentioned there are "three good candidates" to replace Fed Chair Powell when his term ends next May: "I like anyone other than Powell."

He referred to Kevin Hassett and noted, "Kevin is a very talented person," but he may not necessarily choose him. Kevin Hassett was formerly the Chair of the White House Council of Economic Advisers.