President Trump launched a fierce attack on Federal Reserve Chairman Powell on Wednesday, accusing him of catastrophic failures in inflation management and bank regulation. Just two hours after the savage attack, the Fed announced to keep the interest rates unchanged despite Trump's public demand for an immediate cut. However, the Fed ignored Trump. Instead, Powell remained steady, saying there was no need to rush to change the interest rates. Trump criticizes Paul's "terrible job," promises to reduce regulatory restrictions In a post on the Truth Social website on January 29th, Trump said, 'Jerome Powell and the Federal Reserve have failed to address the inflation problem they have caused. I will achieve this by unleashing American energy production, reducing regulations, restoring balance in international trade, and revitalizing American manufacturing.' Trump accused Powell of pushing the United States into "the worst inflation in our country's history," and claimed that the Fed had wasted time on "diversity, fairness and inclusion, social gender ideology, green energy and false climate change." The president's anger was not just about inflation. He also criticized Paul's oversight of banking regulations as disastrous, and promised that the Treasury Department, led by the new Treasury Secretary Scott Vincent, would clean up the mess by cutting bureaucracy and expanding loans to companies and ordinary Americans.
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#荣誉积分新年抽奖,赢Macbook、精美周边等好礼! Reduce Regulatory Restrictions
President Trump launched a fierce attack on Federal Reserve Chairman Powell on Wednesday, accusing him of catastrophic failures in inflation management and bank regulation.
Just two hours after the savage attack, the Fed announced to keep the interest rates unchanged despite Trump's public demand for an immediate cut. However, the Fed ignored Trump. Instead, Powell remained steady, saying there was no need to rush to change the interest rates.
Trump criticizes Paul's "terrible job," promises to reduce regulatory restrictions
In a post on the Truth Social website on January 29th, Trump said, 'Jerome Powell and the Federal Reserve have failed to address the inflation problem they have caused. I will achieve this by unleashing American energy production, reducing regulations, restoring balance in international trade, and revitalizing American manufacturing.'
Trump accused Powell of pushing the United States into "the worst inflation in our country's history," and claimed that the Fed had wasted time on "diversity, fairness and inclusion, social gender ideology, green energy and false climate change."
The president's anger was not just about inflation. He also criticized Paul's oversight of banking regulations as disastrous, and promised that the Treasury Department, led by the new Treasury Secretary Scott Vincent, would clean up the mess by cutting bureaucracy and expanding loans to companies and ordinary Americans.