“Housing in our Country is lagging because Jerome Too Late Powell refuses to lower Interest Rates. Families are being hurt because Interest Rates are too high, and even our Country is having to pay a higher Rate than it should be because of Too Late. Our Rate should be three points lower than they are, saving us $1 Trillion per year (as a Country). This stubborn guy at the Fed just doesnt get it — Never did, and never will. The Board should act, but they dont have the Courage to do so!” @realDonaldTrump
Fact-Check Summary The TruthSocial post claims that Federal Reserve Chair Jerome Powell’s refusal to lower interest rates is causing housing market stagnation, harming families, and costing the country $1 trillion annually in excess national debt service. Fact-checking with current Federal Reserve policy statements, housing indicators, and federal budget data shows that high interest rates do […]