Trump Criticizes Federal Reserve Over Interest Rates

In a statement made on Monday, former President Donald Trump expressed that the United States' interest rate should be set at 1% or even lower. He directed criticism towards Federal Reserve Chair Jerome Powell and the Board of Governors for their failure to adequately perform their duties.

Trump contended that if the Federal Reserve was functioning as it should, the country could potentially save trillions of dollars in interest expenses. The former President shared these views in a post on Truth Social, his platform for direct communication.

This critique highlights ongoing discussions about monetary policy and the Federal Reserve's role in managing the nation's economic environment, particularly in the context of interest rate decisions.

(With inputs from agencies.)