In an exclusive interview at his Mar-a-Lago resort, former U.S. President Donald Trump shared his insights on the nation’s economy, critiquing the current administration’s economic policies and offering bold predictions for the future. The interview, lasting over two hours, showed Trump in a relaxed yet confident demeanor.
Trump coined the term “Bidenomics” to describe the current economic phase under President Biden, which he views as characterized by inflation, economic challenges, high taxes, and general instability. He suggested that this term, although linked to Biden, casts a negative shadow over the current administration’s economic stewardship.
A notable prediction made by Trump focused on the Federal Reserve and its Chairman, Jerome Powell. He speculated that the Fed might lower interest rates to potentially influence the outcome in favor of the Democratic nominee in the upcoming election. Trump expressed skepticism about Powell, whom he appointed on the recommendation of former Treasury Secretary Steve Mnuchin but mentioned that Powell never completely won his confidence.
Trump recalled moments from his presidency when he felt he had swayed Powell’s decisions, including a significant interest rate drop in 2020. He posited that similar actions by Powell today could be viewed as meddling in the election process.
Further, Trump issued a dire warning about the country’s economic future, stating, “If I don’t win, you’re going to end up with a depression.” This remark underlines the high stakes he associates with the upcoming election and its potential impact on the United States’ economic health.
Trump’s interview highlighted his enduring influence in political and economic discussions and sets a tone for what he considers a critical year in American politics.