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Investing.com -- Former U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell in a post on Truth Social Friday, calling him "Too Late" and blaming him for "choking out the housing market with their high rate."
Trump expressed frustration about the Fed’s monetary policy, stating it makes it "difficult for people, especially the young, to buy a house." He described Powell as "one of my worst appointments" during his presidency.
The president also directed criticism at President Joe Biden, saying "Sleepy Joe saw how bad he was and reappointed him anyway." Trump extended his criticism to the entire Federal Reserve Board, saying they have "done nothing to stop this ’numbskull’ from hurting so many people" and that "the Board is equally to blame."
Trump claimed there is "VERY LOW INFLATION" in the United States and argued that interest rates should be at 1%, which he said would save "$1 trillion dollars a year on Interest Costs."
The post concluded with Trump describing Powell as "So bad for our Country!"
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