Trump: If the Fed Cuts Rates to 1%-2%, He Might "Not Fire" Powell

According to ChainCatcher, citing Jinshi Data, U.S. President Trump posted on social media: "'Mr. Too Late' Powell complains about cost issues, and a large part of those costs are caused by Biden's fake 'government.' But he could have done the greatest and most outstanding job for our country by helping to lower interest rates—if he could bring rates down to a reasonable level, that is, 1% to 2%, then this 'fool' could save the United States up to $1 trillion a year."

"I fully understand that my strong criticism of him makes it harder for him to do what he should (that is, cut rates), but I have tried every possible approach. I have been friendly, I have been neutral, and I have been sharp in my words—but being friendly and neutral didn't work! He is a foolish guy and clearly my opponent, and he should never have been in that position. I listened to the wrong people back then, and Biden shouldn't have reappointed him either. Right now, we have almost no inflation, our economy is performing very well, and with huge tariff revenues flowing in and factories being built across the country, the economy will soon be more prosperous than ever."

"If he really cared about inflation or any other issue, all he needs to do is lower interest rates so we can benefit from reduced interest costs; if those 'other factors' do arise in the future (which I doubt!), then just raise rates again. But don't say you think inflation will appear at some point in the future, because it isn't here now—and if it does show up, then raise rates! I don't understand why the committee doesn't overturn this complete fool! Maybe, just maybe, I should reconsider firing him? But anyway, his term is almost over!"