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  • 7/22/2025
During a press gaggle on Monday, White House Press Secretary Karoline Leavitt answered a question about Chair of the Federal Reserve Jerome Powell.
Transcript
00:00I wish I was taller. The Commerce Secretary of the Weekend had some pretty tough words for the Federal Reserve Chairman.
00:05The White House has sent some mixed messages whether or not his job is safe or not.
00:09Will Powell be allowed to finish his term as Federal Reserve Chairman or not?
00:13Look, Mark, the President talked about this and answered these questions for you pretty extensively in the Oval Office.
00:19He has no plans to fire the Fed Chair, but he has been very transparent in expressing his displeasure with Jerome Powell's management of the Fed and also his policies.
00:29And the President is right, by the way. He's been saying this for a while.
00:32But finally, economists and experts are agreeing with him that Jerome Powell should cut interest rates.
00:37If you look at our country, by every economic metric right now, it is booming.
00:41Look at the trillions of dollars the President has brought in in foreign investments.
00:45Look at inflation, like I said, continues to go down. He's basically defeated it in just six months.
00:50If you look at the massive deregulatory campaign this administration has lost.
00:54Look at the cost of goods. The cost of oil is down 20 percent.
00:57We've added 700,000 jobs to the economy in just six months.
01:01The manufacturing sector is taking up again.
01:04By all accounts, this is a good economy.
01:06In fact, the Wall Street Journal, wherever you are, did in fact give credit for that today.
01:10They said that the economy has its swagger back, which is one way to put it.
01:14But I think that it's true.
01:15And I think that the Fed Chair needs lower interest rates.
01:19The President is right about that.
01:20And finally, people are catching up to the President on that.
01:23Brian, go ahead.
01:23Yes, the President shared his opinion on digital costs.

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