Is Powell's Resignation Far Off!
Besant on the Federal Reserve: "Based on the way they lowered rates last fall, they should lower rates now." #山寨季來了？
Trump declined to say whether Powell should resign but indicated he hopes the Federal Reserve will lower interest rates to 1% to reduce mortgage rates.
Reporter: Do you think Federal Reserve Chairman Powell should resign?
Trump: I think he's doing a bad job, but anyway, he will be out soon. He will be out in eight months. But I say he was 'too late.' He is always too late. He should lower the interest rates. Europe has lowered rates many times, ten times; we haven’t done it once. This is causing trouble for those who want to buy homes. You see, our economy is so strong right now. We are going all out. We are breaking records, you see. Whether it's the Philippines or any other country, we are breaking unprecedented records. But you know what? People can't afford houses because this guy is a fool. He is keeping interest rates too high, possibly for political reasons. I remember the only time he lowered rates, I mean, he lowered rates before the election trying to help Kamala or whoever he wanted to help, he probably didn't even know.
