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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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FED Chairman Jerome Powell has a path ahead! US President Donald Trump targeted Powell again, calling him "stupid"! - "I have started discussions!"
US President Donald Trump criticizes FED Chairman Jerome Powell harshly at every opportunity.
President Trump, who previously called Powell stupid, repeated this statement and targeted Powell again.
Trump harshly criticizes Powell's interest rate policies while arguing that the economy is in good shape, emphasizing that interest rate cuts are necessary.
At this point, Trump emphasizes that aggressive interest rate cuts are necessary to revive the economy, while Powell continues to insist on no changes to interest rates due to concerns about the instability caused by inflation and tariffs.
By adopting this stance, Powell becomes Trump's target, while Trump called Powell an idiot in today's speech.
“I think FED Chairman Jerome Powell is a very stupid person. He has a low IQ for the job he does.
I actually think he is a very stupid person. We will be paying for him for years! […] We will pay 2 points or 3 points more on the debt! 3 points means 900 billion dollars a year! He has a low IQ for the job he does.
Because he only wanted to lower the interest rate instead of paying 900 billion dollars!
Donald Trump also noted that he has candidates in mind to replace the FED Chairman.
At this point, Trump stated that he is considering candidates for the position of the FED chairman and has even started discussions with candidates. He also added that he has spoken with three or four people for the next FED chairmanship.
*It is not investment advice.
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