The former president of the United States criticizes The Federal Reserve (FED) policy, calling for a significant interest rate cut.

Gate News bot message, on July 1, the former President of the United States made statements on social media, severely criticizing the performance of The Federal Reserve Chairman Powell and his committee. He accused them of being ashamed of the current economic situation in the United States, believing they have failed to properly fulfill their duties. The former President stated that if the Federal Reserve could work effectively, the United States could save trillions of dollars in Interest expenditures. He emphasized that although the Federal Reserve's work is easy, it is highly prestigious, yet their performance has been disappointing. Finally, he called for reducing the Interest Rate to 1% or even lower. (Source: Jin10)