Trump Hints He Knows More About Interest Rates Than Powell
President Donald Trump appeared to hint Wednesday that he knows more about interest rates than Federal Reserve Chairman Jerome Powell and that rates should be cut.
"Mortgage rates actually went down a little bit even though I have a guy at the Fed that I don't like very much," Trump said at a White House event.
"He's got to get rates down. I think I understand interest rates better than he does, because I have to actually use interest rates."
Source: Investing.com