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Trump: Powell Refuses Rate Cut, American Families are Being Harmed
Summary: In a recent social media post, US President Trump criticized Federal Reserve Chairman Powell for refusing to cut interest rates, stating that American families are being harmed as a result. Trump claimed that the country's housing issues are lagging behind due to Powell's reluctance to lower rates, causing families to suffer from high interest rates. ...
In a recent social media post, US President Trump criticized Federal Reserve Chairman Powell for refusing to cut interest rates, stating that American families are being harmed as a result. Trump claimed that the country's housing issues are lagging behind due to Powell's reluctance to lower rates, causing families to suffer from high interest rates. Trump argued that interest rates should be three percentage points lower, which would save the country $1 trillion annually. He criticized Powell for being stubborn and lacking understanding, and called on the Federal Reserve Board to take action, accusing them of lacking the courage to do so.
