President Trump sends a fiery direct letter to Fed Chair Jerome Powell, calling him “TOO LATE” and criticizing the Fed’s slow response.
Press Secretary: “And if you look at this chart, this is a chart of all of the interest rates of many countries throughout the world. At the top is Switzerland; they’re only paying a quarter for interest rates. Cambodia, Japan, Denmark, Thailand, Botswana, Barbados, Taiwan, Bulgaria, Cuba, Sweden, Morocco, Cabo Verde, South Korea, Algeria, Canada, Albania, Libya, Malaysia, China, New Zealand, Trinidad and Tobago, Czechia, Bolivia, Australia, Costa Rica, the Bahamas, Kuwait, Papua New Guinea, Bosnia, United Kingdom, and the UAE are all paying lower interest rates than the United States of America, which has one of the hottest and strongest economies in the world.”
“The President sent this note to the Fed Chair. It says, Jerome, you are, as usual, too late. You have cost the USA a fortune and continue to do so. You should lower the rate by a lot. Hundreds of billions of dollars are being lost, and there is no end in sight.”