Trump: Powell is an idiot for not lowering interest rates, could save the U.S. $600 billion each year.

Web3_Visionary · 2025-06-13T06:22:00+00:00

Trump stated at a White House event that he does not plan to fire The Federal Reserve (FED) Chairman Powell, but called him a "moron" for not lowering interest rates. He believes that if interest rates were lowered by 200 basis points each year, it could save the United States $600 billion, and expressed support for raising rates when inflation rises.

Web3_Visionary

2025-06-13 06:22:00

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[Golden Finance] Golden Finance reports that Trump stated he does not intend to fire The Federal Reserve (FED) Chairman Powell, but called him a “fool” for not lowering interest rates. During a speech at an event at the White House on Thursday, Trump said that a 200 basis point rate cut could save the U.S. $600 billion each year. Trump said: “We’re spending $600 billion a year just because a ‘fool’ is sitting here saying ‘I don’t see enough reason to lower rates right now.’” Trump added that he agrees with the FED raising rates if inflation rises, “but right now, inflation is decreasing, and I may have to take some measures.”

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