Trump Criticizes Federal Reserve's Interest Rates, Calls for Reduction

According to BlockBeats, U.S. President Donald Trump has expressed concerns over the Federal Reserve's current interest rates, stating they are at least three percentage points too high. Trump criticized Federal Reserve Chairman Jerome Powell, referring to him as 'Mr. Too Late,' and claimed that the high rates are costing the United States $360 billion annually in refinancing expenses. He emphasized that there is no inflation and that companies are flocking to the U.S., urging for a reduction in interest rates.