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https://www.gate.com/announcements/article/45974
Recently, the American political scene has once again stirred. A well-known political figure expressed strong dissatisfaction with the current monetary policy, directly targeting Fed Chairman Powell. He made a series of statements on social media, criticizing the negative impact of high Intrerest Rate policies on the U.S. housing market and national finances.
This politician believes that the current high Intrerest Rate environment poses a heavy burden on ordinary families and the national finances. He even did a rough calculation, claiming that if the Intrerest Rate could be lowered by three percentage points, the United States could save up to 1 trillion dollars in spending each year.
In his view, Powell has a serious misunderstanding of the economic situation, as has been the case in the past, and it is unlikely to change in the future. He also criticized the Fed Board for lacking decisiveness at critical moments and failing to take necessary actions in a timely manner.
The core of this statement is dissatisfaction with the Fed's current monetary policy, particularly regarding the impact of high interest rates on the real estate market and national spending. However, the discussion on whether interest rates should be lowered and by how much may trigger more complex economic debates.
This event reflects the differing views on monetary policy between the political and economic spheres, and highlights the complexity and controversy of economic decision-making. In any case, this discussion about interest rate policy is likely to continue to be a focus of public attention for some time to come.