Former President Trump criticizes the Federal Reserve's high interest rates, arguing that a reduction could save $1 trillion and revitalize the housing market.
On July 22, former President Trump criticized Federal Reserve Chair Jerome Powell for not lowering interest rates, claiming that high rates are damaging families and hindering the housing market. He proposed a 3% reduction, which he believes could save the country $1 trillion annually. Trump urged the council to act, accusing them of lacking the courage to implement such changes.