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Trump Claims Control Over Interest Rates Amid Inflation Blame

1/29/2025

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Summary

Story summary

President Trump addressed reporters following his executive orders on January 23.
He asserted he could manage interest rates and inaccurately attributed high inflation to Biden's policies.
The Consumer Price Index reached 9.1% in June 2022, significantly lower than the 1920 record of 23.7%.
Trump criticized Jerome Powell and the Federal Reserve, claiming superior knowledge of interest rates.

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Story summary

President Trump addressed reporters following his executive orders on January 23.
He asserted he could manage interest rates and inaccurately attributed high inflation to Biden's policies.
The Consumer Price Index reached 9.1% in June 2022, significantly lower than the 1920 record of 23.7%.
Trump criticized Jerome Powell and the Federal Reserve, claiming superior knowledge of interest rates.