Trump says Powell is costing the US a fortune by not lowering rates. But firing the Fed chair may not fix the issue | CNN Business

New York CNN  — 

As part of his campaign to get rid of Jerome Powell, President Donald Trump has blamed the Federal Reserve chair for costing the country “hundreds of billions of dollars” by not slashing interest rates.

“You have cost the USA a fortune and continue to do so,” Trump wrote in a handwritten note to Powell that he posted on Truth Social last month. “You should lower that rate by a lot. Hundreds of billions of dollars are being lost.”

In the same post, Trump blamed the Fed board, saying, “If they

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