President Donald Trump
on Thursday again called for Federal Reserve Chairman Jerome Powell to lower interest rates.
“‘Too Late’ DEMEANS THE GREAT CREDIT OF THE USA,” Trump said. “We are now, again, the Number One Credit in the World! ‘Gigantic Comeback.’ The Fed Rate should be reflective of this. We should be at the top of the list!!! LOWER THE RATE!!!”
Trump, during a Cabinet meeting on Tuesday, called for Powell to resign so that he can appoint a new central bank chair who will lower interest rates.
Trump was asked
about allegations raised by some of his allies suggesting that the Fed chair lied in his testimony to Congress about the renovation project at the Federal Reserve’s headquarters. The president was asked during a press availability whether Powell should step down if he misled Congress.
“Well, then he should resign immediately. We should get somebody in there that’s going to lower interest rates,” Trump replied. “It’s OK with me, I think he’s terrible. I think, look, we’re paying – I call him Too Late. T-o-o, too late, like ‘Too Tall’ Jones for the Dallas Cowboys. Too Late,” Trump said.