In a recent social media post, US President Donald Trump claimed that the Federal Reserve has done a "terrible job" on bank regulation, as reported by Bloomberg.
"Treasury is going to lead the effort to cut unnecessary Regulation, and will unleash lending for all American people and businesses," he wrote. He also criticized the Fed's efforts to curb inflation, alleging that its leaders had failed to "stop the problem they created." Inflation, Trump argued, was caused by the central bank's supposed focus on "DEI, gender ideology, 'green' energy, and fake climate change."
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