Trump Claims Fed Wants US Economy to Struggle
President Trump stated the Federal Reserve Board desires economic struggle as mortgage rates hit three-year highs. Treasury Secretary Scott Bessent blamed high inflation on energy shocks tied to the Iran conflict.
United States President Donald Trump claimed on Wednesday afternoon that the Federal Reserve Board desires economic decline to block interest rate cuts. The remarks follow a surge in 30-year mortgage rates to their highest level in nearly three years. Trump criticized the central bank's governing board while praising Fed Chair Kevin Warsh as great.
