White House Press Secretary Karoline Leavitt is scheduled to deliver a press briefing this afternoon.
This comes amid new GDP data showing better than expected 3% growth, a turnaround from the first quarter of the year, where GDP decreased at a rate of .5%.
President Trump on Wednesday celebrated the “WAY BETTER THAN EXPECTED” GDP, demanding that Jerome Powell lower interest rates.
Still, despite this growth, along with hundreds of billions of dollars in new business investment, and hundreds of billions of dollars in tariff revenues into the United States, Federal Reserve Chairman Jerome Powell and the Federal Open Market Committee (FOMC) decided to maintain interest rates at the current level.
President Trump responded to Powell’s refusal to lower the interest rates on Wednesday and slammed “Too Late” Jerome Powell.
“Each point that this gentleman keeps up costs us $365 billion a year,” the President said while highlighting the massive income from tariffs and trade deals. “We should be the lowest interest rate, and we’re not. We’re 38, number 38, because of the Fed.”
Today’s briefing also comes amid the fallout from Director of National Intelligence Tulsi Gabbard’s declassification of a December 2016 presidential briefing, revealing Barack Obama knew the Trump-Russia collusion narrative was a hoax.
President Trump responded during a press conference last Tuesday and tore into Obama, Clinton, Biden, Clapper, Comey, and the rest of their gang, calling for “ringleader” Barack Obama to face “very severe consequences” for “treason.”
Gabbard further told reporters during a White House press briefing last Wednesday that the DOJ is investigating all of the documents, including criminal acts by Barack Obama.
The briefing is expected to begin at 1 pm ET.
Watch live below:
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