President Trump launched a fierce attack on Fed Chairman Powell on Wednesday, accusing him of catastrophic failures in inflation management and banking regulation. Just two hours after the savage attack, the Federal Reserve announced that it would keep interest rates unchanged, despite President Trump's public demand for an immediate rate cut. However, the Fed ignored Trump. Instead, Powell remained steady, stating that there was no need to rush to change rates. Trump criticized Paul's "terrible job" and promised 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 created. I will achieve this by unleashing American energy production, reducing regulations, restoring a balance in international trade, and revitalizing American manufacturing.' Trump accused Powell of leading the United States into "the worst inflation in our country's history," claiming that the Fed has wasted time on "diversity, fairness and inclusion, social gender ideology, green energy and false climate change." The president's anger is not only because of inflation. He also criticized Paul's supervision of banking regulations as disastrous and promised that the Treasury Department, led by the new Treasury Secretary Scott Bisen, will clean up the mess by cutting bureaucracy and expanding loans to companies and ordinary Americans.
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GateUser-bda9c862
· 2025-02-02 01:59
HODL firmly 💎
View OriginalReply0
ItDependsOnOne_sPref
· 2025-01-30 00:26
The lonely sail and the distant shadow disappear in the blue sky.
The light boat has passed ten thousand mountains.
I wish my friends a stable mentality and everything goes well.
In the Year of the Snake, all wishes will be fulfilled, and all requests will be granted.
I have always been here, answering any questions. Happy New Year, may you have boundless blessings. ✍️
Reduce regulatory restrictions
President Trump launched a fierce attack on Fed Chairman Powell on Wednesday, accusing him of catastrophic failures in inflation management and banking regulation.
Just two hours after the savage attack, the Federal Reserve announced that it would keep interest rates unchanged, despite President Trump's public demand for an immediate rate cut. However, the Fed ignored Trump. Instead, Powell remained steady, stating that there was no need to rush to change rates.
Trump criticized Paul's "terrible job" and promised 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 created. I will achieve this by unleashing American energy production, reducing regulations, restoring a balance in international trade, and revitalizing American manufacturing.'
Trump accused Powell of leading the United States into "the worst inflation in our country's history," claiming that the Fed has wasted time on "diversity, fairness and inclusion, social gender ideology, green energy and false climate change."
The president's anger is not only because of inflation. He also criticized Paul's supervision of banking regulations as disastrous and promised that the Treasury Department, led by the new Treasury Secretary Scott Bisen, will clean up the mess by cutting bureaucracy and expanding loans to companies and ordinary Americans.