'He Wants To Play Cute': President Trump Savages Jerome Powell For Refusing To Cut Rates

Forbes Breaking News

In his Oval Office meeting with Italian Prime Minister Giorgia Meloni, President Trump slammed Fed Chair Jerome Powell for not cutting rates.

Transcript

00:00Back on June, Mr. President, you did say that you were confident these deals would be done.

00:04But you also said that you're in no rush.

00:05Americans are seeing prices rise.

00:07They're seeing it on their bills.

00:09How long can they expect that pain to last?

00:12So they've already seen it get much better because if you were truthful, which you're not,

00:18I know you very well, you have gasoline.

00:23That hit $1.98 yesterday in a couple of states.

00:26You have gasoline's way down.

00:28The price of oil has dropped substantially.

00:32The price of groceries is substantially down.

00:36The price of eggs.

00:38You know, when I came in, they hit me with eggs.

00:41I just got there.

00:42I was here for one week and they started screaming at me,

00:44eggs have gone through the roof.

00:46I said, I just got here.

00:47I was there for seven days and I hear that eggs have gone through the roof before I got there.

00:52And they were screaming at me, the press, the fake news like you, you're fake.

00:57And the fake news is screaming at me like about eggs.

01:01I said, I've only been here.

01:02I just, this is my seventh day.

01:04And they were right.

01:05They went up 87 percent and you couldn't get them.

01:08They said, you won't have eggs for Easter, which is coming up.

01:11Happy Easter, everybody.

01:12You won't have eggs for Easter.

01:14And we did an unbelievable job.

01:16And now eggs are all over the place.

01:18And the price went down 92 percent.

01:21And our commissioner of agriculture, Brooke, has done a fantastic job.

01:28Did really have done a fantastic job.

01:29So prices haven't gone up.

01:30The only thing that's gone up actually is interest rates.

01:34Because we have a federal reserve chairman that is playing politics.

01:39Somebody that I've never been very fond of, actually.

01:41But he's playing politics.

01:45Interest rates should be down now.

01:46They should be coming down.

01:48In Europe, as you know, they reduced them, I guess, seven times.

01:52It looks like they're going to reduce them again and again and again.

01:55But our guy wants to play cute.

01:58But interest rates are pretty much even.

02:02Maybe they went up just a slight bit, but that's the only thing.

02:05But that's because of the federal reserve.

02:07Because they're not very smart people.

02:09Do you agree with that question?

02:11Do you agree with that question?

02:12Go ahead.

02:13Go ahead.

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