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Trump: Powell refuses to cut interest rates, American families are being hurt.
On July 23, President Trump stated on his personal social platform that "The housing problem in our country is lagging behind because 'Mr. Too Late' Powell refuses to cut interest rates. Families are being hurt because interest rates are too high, and even our country itself is paying higher interest than it should—it's all because of this 'Mr. Too Late.' Our interest rates should be three percentage points lower than they are now, which would save the country a trillion dollars every year. This stubborn guy just doesn't understand—didn't understand before, won't understand in the future. The Federal Reserve Board of Governors should take action, but they don't have the courage to do so!"