The US president Donald Trump said today that the interest rates In the US they should range from 1% or lower, accusing the head of the US Federal Bank (FED), Jerome Powell and some members of the Board of Directors of not doing their job.
“If they did their job properly, our country would save trillions of dollars on borrowing costs. We should pay a 1% or lower interest rate, “Donald Trump wrote in a post on the Truth Social platform.
White House spokesman Caroline Levit said when reporters were informed that Trump wrote to Powell, urging him to reduce interest rates. The spokesman showed a copy of the manuscript notes of the President where interest rates were valid for any 25,000 countries.
Levit reiterated that Trump believes that interest rates should be reduced by about 1%.