Trump says he wants interest rate cut to 1%, would 'love' if Powell resigned

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00:00The only thing is we have a Fed chairman that is, he doesn't get it, and you could have substantially low.

00:07Like if we cut it.

00:09Well, I don't have a comment. I'd love him to resign if he wanted to. He's done a lousy job.

00:14Look, if you were there, you'd say, well, you know, the United States is doing well.

00:20They have no inflation, and if they do get inflation in a year or two, we'll start raising the rates.

00:26We'll get rid of the inflation, you know, and do other things.

00:30Biden had the worst inflation in the history of our country.

00:3419%, but I think it was much higher than that.

00:37Frankly, they say 19%. I say, I think it's a lot higher than that.

00:41And we have almost no inflation now. We've done a great job in a short period of time.

00:46Energy prices are way down. Gasoline now is down to close to $2 in a lot of places.

00:51A couple of places, I see it even broke. It's like $1.98 a gallon.

00:55We've done a great job on inflation, and honestly, pretty much everything else.

01:01I think that, I think it's very sad the way people act.

01:07You know, you have a guy in there that with the stroke of a pen could lower interest rates

01:12and save us hundreds of billions of dollars a year, but he's a stupid person.

01:18You know, it's very interesting.

01:20He, I'm not sure if he doesn't understand it, because you should be able to understand it.

01:27It's sort of 101 economics, but I'm not sure of that.

01:31But think of it, with the stroke of a pen, he talks about costs.

01:36We can save $600 billion, maybe even, these are nice numbers for you, right?

01:42$900 billion, $950 billion by lowering interest rates.

01:47And it's really just more of a paper movement.

01:49It's not like, you're not cutting anything, you're not cutting jobs.

01:52It's just interest rates.

01:53And we're number 40, or 44, number 45.

01:58Some places that you wouldn't believe that, you know, I don't want to be disparaging,

02:02but they pay a lower interest rate than the United States of America.

02:07And without us, everything blows up.

02:09You know, we sort of control the world in that sense.

02:12But we have a guy that's just a stubborn mule and a stupid person that is making a big mistake.

02:19He's making a mistake.

02:20And it lasts for years, because when you do the debt.

02:22Now, I've instructed my people not to do any debt beyond nine months or so.

02:28Get this guy out.

02:29And whoever's in there will lower rates.

02:32If I don't, if I think somebody's going to keep the rates where they are, or whatever,

02:37I'm not going to put them in.

02:38I'm going to put somebody that wants to cut rates.

02:40There are a lot of them out there.

02:46Because we got back a little while ago.

02:49But everybody says it.

02:50Not only them.

02:50We have the hottest country in the world right now.

02:53The only thing is we have a Fed chairman that is, he doesn't get it.

02:58And you could have substantially lower.

03:01Like if we cut him two points, we'd save more than 600, think of it, more than $600 billion.

03:07Just because you cut.

03:07But you can't go out to the market and say, well, we have a guy that's got us at 4% or 4.5%

03:13and we want to pay 2% or 1%.

03:15I think we should be paying 1% right now.

03:18And we're paying more because we have a guy who suffers from, I think, Trump derangement syndrome,

03:25if you want to know the truth.

03:26But he's not good for our country.

03:28We have the cards far more than they do.

03:31And they have not true.

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