Trump Attacks Jerome Powell as He Heads to Texas
Briefly

Trump criticized Fed Chair Jerome Powell for the current interest rates, claiming they should be lower by three points. He accused Powell of costing the country money and described last year as a time when the U.S. was a 'dead country.' Trump declared the U.S. as the 'hottest country anywhere in the world' now, contrasting it with the past. He previously sent a letter to Powell demanding significant rate reductions since he believes that the U.S. has a low global interest ranking.
Trump expressed his strong dissatisfaction with Fed Chair Powell, stating, "I think [Powell] is doing a terrible job. I think we should be three points lower interest rate." He attributed significant monetary losses in the country to Powell's leadership.
He asserted the U.S. is now 'the hottest country anywhere in the world,' contrasting it with the previous year's state, claiming, 'One year ago, our country was a dead country. We were going nowhere except down.'
Highlighting his demand for lower rates, Trump mentioned a letter he sent to Powell, in which he implored for substantial reductions, claiming the U.S. ranks poorly at No. 35 globally with a 4.5 percent interest rate.
As Trump traveled to Texas to observe flood damage, he emphasized the importance of U.S. economic standing, arguing that the country was once a 'laughingstock' but is now highly regarded globally.
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