Trump: Powell Refuses Rate Cut, American Families Are Being Hurt

BlockBeats News, July 23, U.S. President Trump posted on his personal social media platform, stating, "Our country's housing problem is lagging because of 'Mr. Too Late' Powell's refusal to cut interest rates. Families are being hurt because rates are too high, and even our country itself is paying higher interest than it should— all because of this 'Mr. Too Late'."

Our rates should be three percentage points lower than they are now, which would save the country $1 trillion per year. This stubborn guy just doesn't get it— didn't get it before, and won't get it in the future. The Federal Reserve Board should take action, but they don't have the courage to do so!"