"CNN anchor Abby Phillip hit President Donald Trump with a side-by-side video receipt trashing Federal Reserve Chairman Jerome Powell for opposite reasons in two speeches a year apart at the same venue. Trump has habitually attacked Powell and constantly pressured him to lower interest rates. Now, the Fed chair is facing an investigation over the renovation of Federal Reserve buildings and whether he lied to Congress about the project. The president trashed Powell anew during a speech to the Detroit Economic Club on Tuesday."
"PHILLIP: We actually have let me just pull it up because to your point, not to cut you off, but we have some of these stats that you're just mentioning here. September 2024, and I'll tell you why I'm showing September 2024 in a second. Inflation was at 2.4 percent. Today, it's at 2.7 percent. Unemployment was at 4.1 percent. Today it's at 4.4 percent. There were 254,000 jobs added in a year ago. Fifty thousand added in December."
A side-by-side video juxtaposed President Trump's opposing criticisms of Federal Reserve Chair Jerome Powell from two speeches one year apart. Trump has repeatedly attacked Powell and pressured the Fed to lower interest rates, while also blaming the Fed at times for not raising rates amid inflation concerns. Powell is under investigation regarding renovations of Federal Reserve buildings and possible false statements to Congress. The comparison highlighted economic indicators: inflation rising from 2.4 to 2.7 percent, unemployment rising from 4.1 to 4.4 percent, and a sharp slowdown in monthly job additions, alongside a 50 basis-point Fed rate cut in September 2024.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]