On the 24th local time, President Trump visited the Federal Reserve. Trump stated that he discussed interest rate issues with Fed Chairman Powell, describing the conversation as “very productive.”
Trump expressed his hope for Powell to lower interest rates, suggesting that by reducing them by three percentage points to one percent, the United States could save over ten thousand billion dollars. He will observe how the committee sets interest rate rules.
Regarding the potential firing of Fed Chair Powell, Trump described it as a significant move.
Furthermore, Trump mentioned renovation project data. Powell indicated that the renovation project is expected to be completed by 2027. Trump mentioned that he typically dismisses project managers who exceed budgets.
(Liu Xiaoqian)