President Donald Trump said Federal Reserve Chair Jerome Powell is costing the U.S. “hundreds of billions of dollars” because the prime interest rate should be 2.5 points lower.
The prime interest remained at 7.50% after the Fed’s latest announcement on Wednesday.
“‘Too Late’ Jerome Powell is costing our Country Hundreds of Billions of Dollars. He is truly one of the dumbest, and most destructive, people in Government, and the Fed Board is complicit,” Trump posted Thursday on Truth Social.
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