President Trump attacking the Federal Reserve's decision Wednesday to hold interest rates in place and blaming Jerome Powell for inflation.
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00:00President Trump attacking the Federal Reserve's decision Wednesday to hold interest rates in place and blaming Jerome Powell for inflation.
00:08The president saying on Truth Social, quote,
00:11because Jay Powell and the Fed failed to stop the problem they created with inflation, I will.
00:17Trump adding, if the Fed had spent less time on DEI, gender ideology, green energy and fake climate change,
00:25inflation would never have been a problem.
00:27Instead, we suffered from the worst inflation in the history of our country, end quote.
00:33Quick fact check, this is not in the top five of the worst U.S. inflation we've seen in the U.S.
00:38It was exponentially worse as recently as the early 80s.
00:43Throughout the campaign, Trump consistently blamed President Biden, not the Fed, for inflation.