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dungnguyen

@dungnguyen111

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๐Ÿ‡บ๐Ÿ‡ธ PRESIDENT TRUMP CRITICIZED FED CHAIRMAN POWELL AND WANTED TO LOWER INTEREST RATES TO 1% In an interview on FOX, President Trump called Fed Chairman Jay Powell "a bad person" and "stupid" for keeping interest rates too high. He said that the US should have an interest rate of 1% or 2%, like Switzerland, because the US interest rate affects the global economy. Regarding the debt of 9 trillion USD that is about to mature, he intends to only refinance in the short term instead of locking in high interest rates for 10 years. President Trump said there are "three good candidates" to replace the Fed Chairman when Powell's term ends in May next year: "I like anyone but Powell." He mentioned Kevin Hassett and said: "Kevin is a very talented person," but he is not sure to choose. Kevin Hassett used to be the Chairman of the White House Economic Advisory Board.
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