HOT DEVELOPMENT: Donald Trump Targeted FED Chairman Jerome Powell Again! "Lower Interest, If Inflation Rises..."

US President Donald Trump once again targeted Fed Chairman Jerome Powell in statements he made on social media.

Trump pointed out that the European Central Bank has cut interest rates 10 times this year, describing the FED's still not taking any action as an "economic disaster."

"Interest rates are being continuously lowered in Europe, but there is still no change here. Despite this, our country is doing well, but if interest rates are lowered by one point, it will have a rocket fuel effect on our economy," said Trump, adding that if the FED lowers interest rates, debts could be refinanced more cheaply in both the short and long term.

Trump said, "Inflation is almost non-existent now. If it comes back, it can be responded to with interest rate hikes. It's that simple." Trump, who argues that current interest rate policies impose a huge cost on the country, stated that borrowing costs should be much lower.

White House Press Secretary Karoline Leavitt stated that Trump told Powell that by not lowering interest rates, the U.S. has fallen into an economically disadvantaged position against China and other countries.

In a previous statement from the FED, it was reported that Powell communicated to Trump that monetary policy should be guided by economic data rather than political pressures.

Trump, who has frequently criticized Powell since he took office, draws attention with the nicknames he has given him and his harsh statements.

*It is not investment advice.

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