Summary
- President Donald Trump said that Fed Chair Jerome Powell will be stepping down soon in relation to his term.
- President Trump pointed out that interest rates are being kept too high and stated that 1% is appropriate.
- This remark is said to be directly related to the Trump administration's pressure for rate cuts.
On the 22nd (local time), according to the economic news account Walter Bloomberg, U.S. President Donald Trump kept up his criticism of Jerome Powell, Fed Chair, stating that he is "someone who will be stepping down soon anyway." President Trump pointed out that Chair Powell is maintaining interest rates excessively high, arguing, "With the current strong economy, the rate should be maintained at 1%." This is seen as part of the Trump administration’s recent aggressive push to lower interest rates. 
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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