United States President Donald J. Trump has once again sharply criticized Federal Reserve Chairman Jerome Powell, calling him "very bad for this country." In an interview aired over the weekend, Trump emphasized that the United States should have the lowest interest rates in the world. #USCryptoWeek،
"The United States should have the lowest interest rates in the world. But Powell is making us lose our competitiveness," said Trump
This comment is part of Trump's long-standing criticism of The Fed's monetary policy, which he believes was too slow in cutting interest rates during his presidency. Trump has repeatedly voiced that Powell failed to read the direction of the global market and was not aggressive enough in stimulating economic growth. #FOMCWatch
Nevertheless, many economists believe that The Fed's decision to maintain high interest rates is necessary to ensure price stability and strengthen the purchasing power of the public.
