High-profile real estate investor Grant Cardone has called on President Trump to fire Federal Reserve Chairman Jerome Powell.
In a series of posts on X, Cardone declared, “President Donald Trump urges Fed idiot Jerome Powell to slash interest rates by a 1 full point. And he should! He was too late to raise and now he’s too late to lower. The entire world is lowering rates.”
Cardone added, “FIRE JEROME POWELL NOW! U.S. Interest Rate Policy Lagging EVERY Global Market. Jerome Powell is THE PROBLEM with US Economy.”
Cardone is the founder of multiple companies including 10X Studios, Cardone Ventures and 10X Health System, and a co-founder/investor in 16 other businesses. Last November, he publicly toyed with the idea of running for governor of California – yesterday, Cardone reacted to the Los Angeles riots by posting, “Another orchestrated & organized event to encourage the contributing law-abiding taxpayers and business owners to exit California. This is a land grab. Do not be deceived! This is not nor has it ever been incompetence – it’s intentional. The goal is to get rid of law-abiding citizens by importing illegals & not enforcing the rule of law. Drive real estate values down and grab all the property back. Hard to believe? That’s how they get away with it. It’s Communism not socialism. If they pull it off in Cali, they can and will do it in other parts of America.”
Photo courtesy of Grant Cardone’s Instagram page
Love Grant, I can’t imagine what kind of nonsense he’d run into in California. They’d be so desperate to shut down his common sense business strategies that they’d be calling him racist and Hitler on day one. Well, those terms kinda have lost their effectiveness at getting people cancelled and shut down now, so, they would have to resort to lawfare again
Oh, yes, let’s remove one of the only ethical people in the government and let the immoral, unethical leader appoint someone from his buddies to rip off American citizens.
Agree with Colette Scholten. This would not be good.
WRE News wants to be taken seriously? More snake oil, please.
Cardone seems like a self serving idiot. It does not matter what he rest of the world is doing regarding interest rates since circumstances are not the same. There is little data backing an interest rate cut presently and until the tariff situation is settled holding steady seems prudent. Trump wants a cut to save his insane economic plan and Cardone wants to refinance at lower rates. Lets allow the adults to make the decision as the law dictates.
if the adults are in control why would a fed chair keep rates high given the debt level of the US and the calculated interest on the debt causing more inflation than the fear of short term tarrif based interuptions. Seems very alligned with the prior party not reality.
You are absolutely right, Frank. Powell is a Biden leftover with Democrat priorities. Powell interfered in our presidential election by lowering the rate right before the election to try to help Kamala win. Now he will do nothing that he thinks might help Trump. FYI for those of you who are complaining about the economy, we are technically still in the “Biden” Economy (or should I say the Auto-Pen Economy?!) as the Trump tax cuts/the BBB has not even been passed yet. Trump was able to make the inroads that he has with the economy so far in lowering inflation and some prices despite the economic destruction of the last 4 years that we have been punished with, by Trump turning our natural gas and oil spigots back on.
Kelly, Powell was appointed to is first term as Fed Chair by none other than……Donald Trump.
I am well aware and yes, you are correct, Eric, but still Powell IS in fact a holdover from the Biden administration as Biden re-nominated Powell and renewed his term for another 4 years. This move was very yelling in that he did this while getting rid of all of the other “Trump people.” Proof that Powell was on board with Biden (whoever was running the Autopen)’s communist agenda and was awarded accordingly. During his first term, Trump was mislead and betrayed by many of those whom he entrusted to recommend nominations and appointments. Powell is not America First, he is a Deep State Bureaucrat and was and is a terrible choice for Fed Chair. Trump should fire him.
I am well aware and yes, you are correct, Eric, but still Powell IS in fact a holdover from the Biden administration as Biden re-nominated Powell and renewed his term for another 4 years. This move was very telling in that he did this while getting rid of all of the other “Trump people.” Proof that Powell was on board with Biden (whoever was running the Autopen)’s communist agenda and was awarded accordingly. During his first term, Trump was mislead and betrayed by many of those whom he entrusted to recommend nominations and appointments. Powell is not America First, he is a Deep State Bureaucrat and was and is a terrible choice for Fed Chair. Trump should fire him.
Powell was appointed by Trump. Can’t blame Biden for that like most Trump supporters do for everything else.
If the economy today is Biden’s economy, the economy in 2021 and most or all of 2022 was Trump’s economy. You can’t have it both ways. Most economists and presidential historians say it takes 1 to 3 years for policy to make a difference; therefore Trump was responsible for the rampant inflation in 2021 and 2022.
Please seek psych help for your severe TDS.
By Powells own previous stated standards rates should be lowered. Lets lower rates & see what happens Powell can always raise them again but keeping rates high only inhibits borrowing and keeps the Real estate industry dead. Tariffs have been around for a long time. I’ll take the word of a Billionaire Lower rates! Lets see what happens. I bet it’s good! Don’t be afraid! Lets try to prosper! Best wishes Ron V
Powell is one of the very few people in this administration who has the best interests of the country and the American people in mind. Most of the rest of the administration and the hangers on are sleazy crooks, not even intelligent crooks, who are only thinking of their own pockets.
What BS. Cardone must live in an alternative world. He wants to take advice from Trump who had to file for bankruptcy SIX times. Trump didn’t even write his own book “The Art of the Deal’ which was mostly filled with other peoples’ advice. If you don’t like California, which has over five million registered Republicans, then move to Texas for Florida. BTW, I’m not a Democrat – FYI.
This guy is just another flashy speculator pretending to be rich and knowledgeable. Never heard of him here in Texas. The US economy is doing well right now without sharp cuts in the interest rate. Listen to Powell and we all stay out of trouble.
YES, INTEREST RATES ARE TO HIGH, HOWEVER SOMEONE HAS TO SAVE AND SACRIFICE SO THAT INVESTOR, OR HOME BUYER CAN BUY THAT REAL ESTATE AS THEY TAKE AND GRAB HUNDREDS OF THOUSANDS OF DOLLARS OF THESE LIFE SAVINGS FROM PEOPLE THAT ACTUALLY SAVED THESE FUNDS.THEY DESERVE A FOUR OR FIVE PERCENT RETURN ON THEIR SAVINGS THAT THEY WORKED SO HARD TO SAVE. ALSO, THE LENDERS NEED TO PAY THESE SAVERS FOR USE OF THEIR MONEY. IT’S NOT RIGHT THAT HOME BUYERS AND INVESTORS DESERVE A THREE OR FOUR PERCENT RATE ON THERE REAL ESTATE PURCHASES.
Another trump advocate who must be on drugs. What is wrong with these people???? Have they no thinking ability???? And where do they come from???
What would he know about everyday people trying to buy homes he’s a rich investor. It’s people like him that buys up all these properties so ordinary buyers get outbid. Trump admin is cutting the FHA trying to privatize Fannie and Freddie and causing chaos in the housing market. Why don’t you try to help the buyers with first time grants etc. As for California the chaos there is elevated because of Trump’s stunts of sending the National Guard which is adding fuel to the fire. He knows what he is doing. Our country is not a reality show!
The violeng riots in LA are communist groups paid, in large part, by our tax dollars doled out by the Demoncrap Deep State which Trump is ending, thankfully. I only hope the cops and NG get orders SHOOT TO KILL. I hope your neighborhood gets invaded by these POS.
Grant is an idiot. I can’t believe I wasted my time reading the article. On the plus side, I was rewarded by reading some sane comments. Still a couple idiots agreeing with him.
This country is in sad shape and getting worse by the day.
Wow!
For the most part people who responded get it and are not the people drinking the Trump Kool-Aid. Thank goodness. I was starting to think WRE News was the news for Trump Kool-aid drinking followers.
As an economist and a Realtor, I can tell you Powel is doing a fine job. The same cannot be said of the President of the United States and Republican Party. If the people drinking the Trump Kool-Aid don’t come to their senses soon, the United States is in for some challenging times. The Trump administration is doing great harm to the economy and government. It’s time for Republicans in Congress to get a backbone, stand up for the American people and not Trump and friends.
David, you are right on!