Part 7/9:
Trump didn’t limit his critique to fiscal oversight. He also reiterated his desire for the Fed to lower interest rates, a key economic issue given the impact of rate adjustments on economic growth and borrowing costs. The former president expressed frustration over the Fed’s current stance, implying that higher interest rates were detrimental to his economic agenda.
Furthermore, the controversy deepened amid legal challenges facing Powell. The Fed chair recently faced a lawsuit from an investment firm led by a Trump supporter, Azoria, alleging that Powell’s policies—specifically maintaining high-interest rates—were intentionally undermining Trump’s economic plans.