Once again, the FUOB has attacked Jerome Powell, calling him a ‘moron’, over the central bank’s Federal Open Market Committee’s decision not to artificially cut interest rates.

”Because of the vast amounts of money flowing into our Country because of Tariffs, we should be paying the LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD,” he said…

The president did not explain what, if anything, revenue from tariffs (which are import taxes paid by Americans and not by foreign countries as he often claims) had to do with the Fed’s “overnight rate” that lays out how much interest banks can charge each other for short-term interbank loans…

Tariffs have made America strong and powerful again, far stronger and more powerful than any other Nation. Commensurate with this strength, both financial and otherwise, WE SHOULD BE PAYING LOWER INTEREST RATES THAN ANY OTHER COUNTRY IN THE WORLD,” he added…”

Read the full article from The Independent here.

Are Americans really so stupid as to believe the bare-faced lie that tariffs are paid by foreign countries? Tariffs are paid for by Americans, there is no vast flow of money into the US from tariffs, so why isn’t the FUOB called out on the lie?