Trump blames the Fed for inflation and promises an economic breakthrough

US President Donald Trump has blamed the Federal Reserve System for record inflation, declaring his administration's intention to take decisive measures to strengthen the economy. 

He stressed that the inability of the Fed and its chairman Jerome Powell to deal with the crisis forces him to personally address this problem. Among the proposed steps are increasing energy production, reducing regulatory pressure, restoring the trade balance and developing industry.

According to Trump, the Fed's mistakes in banking regulation have worsened the situation, and now the Treasury Department will deal with removing unnecessary restrictions and stimulating lending. He also noted that the regulator paid too much attention to issues of gender ideology, green energy and climate statements, which distracted from solving key economic tasks.

The President assured that the proposed measures would help not only to contain inflation, but also to restore the United States to the status of an economically strong state.