In an exclusive interview with the Breitbart Business Digest (BBD) at Mar-a-Lago last week, former President Donald Trump shared his views on the state of the U.S. economy and made a bold prediction for the upcoming election year. Among the topics discussed, Trump expressed his critique of what he termed “Bidenomics” and went on to predict that the Federal Reserve would lower interest rates to support the Democratic nominee in the general election.
Trump indicated that it was not effective branding for President Joe Biden. He associated it with inflation, a struggling economy, high taxes, chaos, and what he deemed as “stupidity.” Despite being used by Biden himself, Trump suggested that the term might work against the current administration’s messaging and branding efforts. His insights into the economic challenges posed by what he dubbed “Bidenflation” align with his broader critique of the Biden administration’s fiscal policies.
Trump went further to issue a warning to the American public, suggesting that if Democrats retain the White House and secure Congress in the upcoming elections, taxes could be raised. With the nation already grappling with the impacts of inflation, Trump’s prediction raises concerns about the potential additional financial burden on American families.
One of the most intriguing revelations from the interview was Trump’s prediction regarding the Federal Reserve’s role in the election year. The former president opined that the Federal Reserve, led by Chairman Jerome Powell, would likely lower interest rates specifically to aid the Democratic nominee, possibly Joe Biden. Trump recalled past instances during his administration when he claimed to influence Powell’s decisions through what he referred to as “jawboning.”
Trump acknowledged the potential controversy of such a move, recognizing that lowering rates in an election year as interference.
In a particularly striking moment during the interview, Trump repeatedly issued a dire economic prediction, stating, “If I don’t win, you’re going to end up with a depression.” Emphasizing the letter “d,” Trump painted a grim picture of the economic consequences he foresaw if his anticipated scenario did not unfold.
via joemiller