Trump: Powell will be out soon (but stops short of saying he will be fired).

Trump:

  • Powell will be out soon
  • He is going to be out soon anyway
  • Europe cut the rates 10 times, we did zero
  • People aren’t able to buy houses because this guy is a numbskull
  • Powell tried to cut rates just before the election to try to help Kamala
  • Rates should be at 1%. And state we are paying 4%
  • We are paying over $1 trillion of interest that we have to pay because rates are too high

ON China:

  • Xi has invited me to China. Will probably be doing that in the the not-too-distant future.
  • The magnets out of China are going very well.

Treasury Sec. Bessent:

  • Called for an internal investigation of the Fed
  • They should be cutting rates and right now.
  • Fed should stay in their lane

This article was written by Greg Michalowski at investinglive.com.