Senator Roger Marshall on Trump's Criticism of Fed Chair Powell and Interest Rates

Trump's Criticism of Fed Chair Powell

• 🎯 President Trump has launched a new attack on Federal Reserve Chair Jerome Powell, calling his job performance a "BAD JOB" and referring to him as "Jerome too late Powell."
• ⚠️ The criticism stems from the Fed's decision to leave interest rates unchanged, keeping them at 20-year highs, while at least 15 other central banks globally are cutting their rates.

Interest Rates and Economic Impact

• 💸 The Fed's decision to keep rates high is criticized for hurting people's ability to buy houses, with each percentage point costing the US $365 billion annually.
• 📉 Senator Marshall highlights that the US should have the lowest interest rates but is instead ranked 38th due to the Fed's actions.
• 🚜 For an average Kansas farmer with a million-dollar operation loan, interest rates have surged from 2% to 9%, causing a record drop in net farm income.

Inflation and Tariffs

• 📈 Despite PCE inflation coming in at 2.6%, the Fed is accused of acting like central planners by not cutting rates.
• 🧐 The argument is made that inflation was higher last year when the Fed was cutting rates, and Powell's past prediction of