“Too Late Jerome Powell, of the Fed, will be in Congress today in order to explain, among other things, why he is refusing to lower the Rate. Europe has had 10 cuts, we have had ZERO. No inflation, great economy – We should be at least two to three points lower. Would save the USA 800 Billion Dollars Per Year, plus. What a difference this would make. If things later change to the negative, increase the Rate. I hope Congress really works this very dumb, hardheaded person, over. We will be paying for his incompetence for many years to come. THE BOARD SHOULD ACTIVATE. MAKE AMERICA GREAT AGAIN!” @realDonaldTrump
Fact-Check Summary The recent statement claims the European Central Bank (ECB) has enacted 10 interest rate cuts while the U.S. Federal Reserve has had “ZERO,” and suggests U.S. inflation is nonexistent and the economy is strong enough to justify aggressive American rate cuts that would save $800 billion annually. Verified economic data show the ECB […]