The president of the USA, Donald Trump, said Powell and the Federal Reserve Board are suffocating the real estate market.
United States president Donald Trump accused Jerome PowellPresident of the Federal Reserve (Fed) Already the Board itself American central bankto suffocate the real estate market with the high interest rates, which should decrease to 1% instead of following the current 4.25%.
“‘Tardón’ and the Fed are suffocating the real estate market with their high types, which makes people, especially young people, buy a house,” Trump criticized through Truthsocial.
In this sense, the president acknowledged that Powell’s was one of his worst appointments, although he took the opportunity to point out that “the sleepy Joe (Biden) saw how bad he was and named him again anyway.”
“And the Federal Reserve Board has done nothing to prevent this ‘idiot’ from hurting so many people. In many ways, the Board has the same guilt!”he added.
In this way, he insisted that the United States has “very low” inflation so “we deserve to be 1%, saving a billion dollars a year in interest.” “Lower the guys, Tardón!”he added.
Fed’s position on Trump’s government
The United States Federal Reserve keeps interest rates anchored since last December in an objective range of 4.25% to 4.50%.
The president of the entity pointed out last July that Tariffs announced by Donald Trump had prevented Fed from cutting interest rates Given the bullish impact they had on inflation projections for the United States, thus forcing the Central Bank to remain waiting to see what the effects can be.
Source: Ambito
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