“Too Late, and the Fed, are choking out the housing market with their high rate, making it difficult for people, especially the young, to buy a house. He is truly one of my worst appointments. Sleepy Joe saw how bad he was and reappointed him anyway – And the Fed Board has done nothing to stop this numbskull from hurting so many people. In many ways the Board is equally to blame! The USA is Rockin, there is VERY LOW INFLATION, and we deserve to be at 1%, saving One Trillion Dollars a year on Interest Costs. I cant tell you how dumb Too Late is – So bad for our Country!” @realDonaldTrump
Fact-Check Summary The social media post criticizes the Federal Reserve (Fed) and its chair, Jerome Powell, for maintaining high interest rates, which are described as making homeownership inaccessible, especially for younger people. The post blames both President Biden for reappointing Powell and the Fed Board for inaction. It further claims inflation is “very low” and […]