Trump on Kevin Warsh and Fed rates
by Flint: Federal Reserve
President Trump has announced that Kevin Warsh will sharply lower Federal Reserve interest rates in order to make housing more affordable for Americans. He stated that he previously had a rotten head of the Fed but now has a great one in Kevin Warsh. Trump added that housing comes down to interest rates above all else. He knows more about housing than anybody in history, and no other president matches that. They can pass all the bills they want, but it is really about interest rates. Get those interest rates down and everybody is going to be very, very happy. We are going to get it down very quickly.
Transcript (en)
I had a rotten head of the Fed and now I have a great head of the Fed today. Kevin Walsh. Kevin was just sworn in today. He's great. He's going to be real. And now Congress is on the cusp of passing the most important piece of housing legislation in a generation. But to be honest with you, housing is all about interest rates. I know more about housing than anybody in history. No president's ever known. I built that ladder housing, and they can pass all the bills they want. It's about interest rates. You get the interest rates down, everybody's going to be very, very happy. We're going to get it down very quickly. I support the bill that passed the House this week. Congressman Lawler's help now.
