President Trump expressed his desire for lower interest rates during a tour of the Federal Reserve with Chair Jerome Powell. Trump has criticized Powell and even threatened to fire him for not lowering the rates. Their public exchange included Trump misquoting the cost of renovations being done at the facility, which Powell corrected. In response to a question about reducing criticisms, Trump stated he would like to see interest rates lowered, indicating that would improve their relationship. Adjustments to interest rates are not made unilaterally by Powell but by the Federal Open Market Committee.
Trump reminded Powell that he wants to see interest rates decrease, as he believes it is necessary to combat inflation.
Over the months, Trump has insulted Powell and threatened to fire him due to Powell's reluctance to lower interest rates.
During a joint tour, Trump incorrectly cited the cost of the Federal Reserve's renovations, which Powell repeatedly corrected.
Trump openly expressed his hope for lower interest rates, indicating that it would appease his earlier criticisms of Powell.
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