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Filtering by entity: Jerome 'Too Late' Powell | Clear Filter
Summary:Donald Trump criticizes Federal Reserve Chair Jerome Powell and the Federal Reserve Board for maintaining high interest rates, asserting that their actions have cost the United States trillions of dollars and advocating for a significant reduction of rates to 1% or lower, which the post claims would save the country from financial losses and would not incur inflation.
Sentiment:Critical
Key Claims:
- Jerome Powell and the Federal Reserve Board have failed in their job and should be ashamed.
- Their policies are costing the United States trillions of dollars in interest costs.
- The Federal Reserve's job is easy and prestigious, yet they have failed.
- The Federal Reserve Board is equally to blame for passively watching.
- The United States should have an interest rate of 1% or better.
- The current US interest rate of 4.50% is too high compared to many other countries.
- Lowering the rate would save hundreds of billions of dollars.
- Lowering the interest rate would not cause inflation.
Potential Market Impact (S&P 500):7/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:8/10
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